India tells phone makers to build sub-$30 smartphones

The Indian market is destined to see a $30 (or cheaper) smartphone soon, with all the forces working on making this happen. 

To reach India’s one billion people who still don’t have a smartphone, the government has reached out to phone makers to build smartphones that cost less than Rs 2,000 ($29.3). 

The government officials recently met homegrown smartphone manufacturers including Micromax, Intex, Lava, and Karbonn to talk about the further lowering the price tag of smartphones, Economic Times reports. 

With smartphones dropping below $30 price bracket, more people in India will be able to afford it, the government believes, hoping that this would boost the penetration of mobile wallet and other epayment solutions in the country, according to the report.  Read more...