GST Will Not Impact Smartphone Demand In India: Report
The new Goods and Services Tax (GST) will have no impact on the smartphone demand in India, according to a latest telecom research.
A German research firm GfK found that smartphone demand in India remained resilient in 2017, having levelled out slightly to 14 per cent year-on-year.
"GfK expects the recently announced Goods and Services Tax (GST) will have no impact on smartphone demand in the country. GfK forecasts overall smartphone demand in the region will total 234 million units in 2017, an increase of 11 per cent year-on-year," the research said.
Global smartphone demand totaled 347 million units in 2017, up 4 per cent year-on-year.
This makes it the strongest second quarter on record, the research found.
Arndt Polifke, global director of telecom research at GfK, said: "T...