At 4.9% CAGR for smartphone subscriber growth in 2020-30 decade, India may not have a billion smartphone users even by 2030

With the shrinking addressable base for smartphones, India likely to have 887.4 million smartphone users by 2030.  Government needs to have a 1 billion smartphone module in Digital India mission. India is already a country of over a billion people.  It also has over 1.2 billion wireless subscribers as of July 31st, 2021.  However, the dream of having over a billion smartphone users does not seem to be achievable by the end of this decade. The new smartphone user acquisition has been on a decline since 2018, after 4G drove…