India’s budget smartwatch bubble bursts: Sales plummet, innovation lags Mintrealme Records 27.8% Wearables Growth, emerges #1 brand in YoY Growth amid 4% Market Decline IT Voice MediaIndia’s Wearables market declines 4.0% to 114 million units in 2025: Downturn primarily driven by a 17.6% YoY drop in smartwatch shipments The Tech Outlook