You Might Soon be Able to Buy Mobiles With Old Rs. 500, Rs. 1000 Notes!

Following the demonetization, the smartphone sales in the country are down by 50 percent.

    Indian Cellular Association has approached the Indian Government led by Narendra Modi to request them to allow the inactive Rs. 500 and Rs. 1000 notes for purchasing the mobile phones from the offline market.

    You Might Soon be Able to Buy Mobiles With Old Rs. 500, Rs. 1000 Notes

    In a recently concluded survey by IDC, it is said that nearly 50 percent of the smartphone market is down ever since the inception of demonetization. According to ICA National President, Pankaj Mohindroo- "The sales are down to 40-50 percent, and the fall will even deepen in the coming days because of the sowing season, the limited cash is, of course, essential like labour, seeds, fertiliser, etc.,".

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    All said, Indian Cellular Association has requested the Indian government that a person who purchases the phone with old notes will have to submit his valid ID proof and further on the person's IMEI will be tracked in future according to the ID number, which is a good thing.

    You Might Soon be Able to Buy Mobiles With Old Rs. 500, Rs. 1000 Notes

    "The mobile handset sales have crashed, and the sales are down in the brick and mortar channel, which is more than 80 percent of our turnover... the daily collection of our trade and industry, which should be around Rs 350-400 crore is down by 50 percent," said Arun Jaitley from ICA.

    As of now, there are no words from the Indian government regarding this request, but the association is expecting a good response from the government.

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