{"id":486389,"date":"2022-04-25T09:29:52","date_gmt":"2022-04-25T03:59:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=486389"},"modified":"2022-04-25T10:00:21","modified_gmt":"2022-04-25T04:30:21","slug":"rising-oil-prices-inflation-to-hit-indias-smartphone-market-in-2022","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rising-oil-prices-inflation-to-hit-indias-smartphone-market-in-2022\/","title":{"rendered":"Rising oil prices, inflation to hit India&#8217;s smartphone market in 2022"},"content":{"rendered":"<p>India&#8217;s smartphone market grew just 2 per cent in the first quarter of 2022 owing to supply constraints, not a great start to the year for a market which has seen double-digit percentage growth even during the Covid-19 pandemic, a new report has said.<\/p>\n<p>The biggest challenge this year will be maintaining device affordability in India, according to global market research firm Canalys.<\/p>\n<p>&#8220;Oil prices in India are at an all-time high and wholesale inflation remains elevated, at 14.6 per cent in March. Volatility in foreign exchange rates and higher operational costs due to inflation will, in turn, put further pressure on vendors to maintain profitability,&#8221; said analyst Sanyam Chaurasia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s smartphone market grew just 2 per cent in the first quarter of 2022 owing to supply constraints, not a great start to the year for a market which has seen double-digit percentage growth even during the Covid-19 pandemic, a new report has said. The biggest challenge this year will be maintaining device affordability in India, according to global market research firm Canalys. &#8220;Oil prices in India are at an all-time high and wholesale inflation remains elevated, at 14.6 per cent in March. Volatility in foreign exchange rates and higher operational costs due to inflation will, in turn, put further [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-486389","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/486389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=486389"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/486389\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=486389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=486389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=486389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}