Xiaomi not concerned by economic slowdown

NEW DELHI: Xiaomi is not too concerned about the current economic slowdown in the country, expecting growth to be in the higher single digits till the rest of the year.

“The first half of the year has passed. And I think in the first half of the year, the market has grown by about 7-9%. Based on that momentum, we believe that going into the festive season also you will see the same trend continue,” said Raghu Reddy, head of categories at Xiaomi.