In the quarter ending March 2024, India’s wearables market grew in single-digit figures (2.1 per cent) for the first time after growing in double digits ever since 4Q17. The increased competition and adoption also brought down the average selling price (ASP) across the segment. The ASP declined by 17.8 per cent in 1Q24, to a record low of about Rs 1,500 from Rs 1,900, as per International Data Corporation’s (IDC) India Monthly Wearable Device Tracker.