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Nokia and emergence of Karbonn, Maxx, Micromax, Lawa and spice – I

Nokia has dominated Indian market over a decade. It enjoyed market share of 70-80% in India. Rest of the market share was distributed among Sony ericsson, LG, Samsung, Motorola, Alcatel. Today Indian handset industry is valued rs. 28000 crore per annum.
However having such a large industry was never a boom for Indian economy. It maybe [...]