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India Wearables Market Records Double-digit Growth in 1Q22, Says IDC India
The India wearables market shipped 13.9 million units in 1Q22, up 20.1% YoY (year-over-year) according to the recent data from the International Data Corporation’s (IDC) India Monthly Wearable Device Tracker. This growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. The ASP of the overall category declined 17.1% YoY primarily due to a stronger decline in the ASP of watches. Watches continued to be the fastest-growing category shipping 3.7 million units with a growth of 173.0% YoY in 1Q22 (Jan-Mar). Basic watches accounted for 95.1% of the overall watch category shipments. Aggressive competition at entry-level price points helped the basic watches grow 202.1% YoY, whereas the smartwatch shipments declined 4.2% annually. Furthermore, the ASP of the watches declined 41.5% YoY to reach $50.3 in 1Q22 compared to $86.0 in the same quarter last year. On the other hand, Wrist bands continued to decline annually for the 9th consecutive quarter. Overall wristwear (which includes watches and wrist bands) grew 87.5% yearly in 1Q22, with a total shipment of 4.0 million units.The earwear category accounted for 71.3% of the overall wearables category; the true wireless stereo (TWS) devices grew to 48.3% from 34.2% in 1Q21, with a growth of 48.2% YoY. India wearables market records double-digit growth in January-March, BoAT, Noise on top.
Aggressive discounts, new features, and a strong push from brands and channel partners are encouraging consumers to upgrade and spend more on wearable watches. While dependence on devices like TWS and wearable watches is increasing, supply remains a concern for the industry. Intense competition in the sub $50 category is pushing all brands to offer competitive offerings in terms of pricing, features, and device design. The outlook for 2022 remains strong as wearables will try to attract users in Tier 2 and Tier 3 cities. The healthy growth is attracting newer players to the market, as brদ্বারা VARINDIA| 51 দর্শনসমূহ
India’s tech industry's strong growth, crossed $200 bn in revenue | NASSCOM | VARINDIA News Hour
India’s tech industry's strong growth, crossed $200 bn in revenue | NASSCOM | VARINDIA News Hour
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Indian tech industry clocked double-digit growth across sub-sectors adding $30 bn in revenues in FY 2022 and nearly 450,000 jobs. #NASSCOM Tech CEO Survey 2022 says, 72% CXOs expect 2022 to be another growth year driven by digital demand and higher investments in R&D; Resilience and Agility integrated in the industry business model. The Indian technology industry crossed the $200 bn revenue mark, reaching $227 bn revenue in FY 2022, witnessing a $30 bn incremental revenue in the year with an overall growth rate of 15.5%. Recording the highest ever growth since 2011, all sub-sectors of the industry recorded double-digit growth across. Exports (including hardware) recorded a growth of 17.2% clocking revenue of $178 bn which is over 51% share of India’s total services exports. India’s massive digital infrastructure played a key role in driving India’s tech adoption with public digital platforms becoming the bedrock of India’s digital advantage. Industry experts say, Fiscal 2022 has been a breakthrough year for the Indian technology industry. India has emerged as a global hub for digital talent with over 5 million tech workforce.
The industry recorded nearly 10% estimated growth in direct employee pool in FY2022E with a highest-ever net addition of approximately 450,000 to its employee base. With 1 out of 3 employees already digitally skilled, the digital tech talent pool is at 1.6 million, growing at a CAGR of 25%. With massive focus on reskilling and upskilling, the Indian tech industry reskilled approximately 280k employees in FY2022. With over 36% of women employees, the Indian tech industry is one of the largest private-sector women employers in India with over 1.8 mn women in the workforce. The industry also undertook over 290 M&As with their primary focus as digital. India continues tদ্বারা VARINDIA| 30 দর্শনসমূহ
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Saiyami Kher on Ghoomer | Exclusive Interview | Crictracker
Saiyami Kher on Ghoomer | Exclusive Interview | Crictracker
The talented and gorgeous Saiyami Kher, who is making waves with her latest film Ghoomer. Plays the role of Anina Dixit, a cricketer who loses her right hand in an accident and makes a comeback as a one-handed bowler. The film, directed by R Balki and co-starring Abhishek Bachchan, has received rave reviews from critics and audiences alike.
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