According to International Data Corporation's (IDC) 'Quarterly Mobile Phone Tracker', 25.6 million smartphones were shipped in India in the fourth quarter of the calendar year 2015 – an increase of 15.4 percent as compared to 2014 when 22.2 million units were shipped in the country during the same period.

Also, similar to last year, smartphone shipments saw a sequential decline in the last quarter of the year with shipments dipping 11.9 percent over the previous quarter owing to weaker shipments from the key Indian players.

"The online share of smartphone shipments continued to ramp further as fourth quarter of 2015 saw online mega sales from major e-tailers like Flipkart, Snapdeal and Amazon," Karthik J, senior market analyst, client devices, said in a statement.

The report said the smartphone market in China has begun to slow down and most vendors including Chinese players are now looking for avenues to leverage on India's growth potential in the smartphone market.

Commenting on the success of the 'Make in India' campaign, Singh said that almost one in two smartphones shipped in the fourth quarter of 2015 were manufactured in India with Samsung leading with the highest shipments.

Also read: 4G phones to drive smartphone market in India: Samsung