India is set to cross the 900 Mn mark of internet users in the country, according to the recently published Cisco Annual Internet Report (2018–2023), thanks to the increased penetration of affordable smartphones and cheaper internet plans. The report also predicts that India, which will have a population of 1.42 Bn by 2023, will have around 2.1 Bn internet-connected devices by 2023. As of now, there are 1.5 Bn internet-connected devices, Cisco estimates. The numbers suggest that internet penetration in India is growing at 7x than the population growth rate in India by 2023. With the increased penetration of the internet, there is also going to a certain rise in demand for high-end smartphones as well. The Cisco report estimates that power of smartphones is expected to reach the hand of 55% of the population of India by 2023, growing at a compounded annual growth rate of 5%.

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