Innovations in wearables market

India has become a major hub for the production of wearables, and this is having a negative impact on China's wearables industry. India's wearables market surpassed China to become the largest in the world. India is home to several wearables brands that are transforming the lifestyle industry. The Indian market is estimated to be worth around $6 billion by 2023, with an annual growth rate of 30-35%.

The #globalsmartwatch shipments contracted 1.5% YoY in Q1 2023. The 121% growth in India’s shipments managed to restrict the decline.
This was the second consecutive quarter of a YoY decrease in global shipments, which were hit by the seasonal decline in demand for products from major players like Apple and Samsung, along with consumer sentiment dampened by global financial pressures.

Today's Headline in News Hour
0:00 Intro
3:33 Infosys signs $454-mln deal with Danske Bank
4:08 #Creditcard debt exceeds Rs. 2 lakh crores
5:00 Australia's anti-fake news crackdown, Meta, Google, and Twitter could face $8 billion fine
5:38 #Adani raises $213 million to set up 2 data center's
6:15 UK man imprisoned for five years for Twitter hack targeting Biden, Musk


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