Commerce ministry information confirmed that India exported smartphones value $4.67 billion in April-July this fiscal yr, of which the US accounted for one-third of the shipments in worth phrases.
Throughout April-July 2023-24, smartphone exports soared by 99.52% over April-July 2022-23.
Throughout the first 4 months of the present fiscal yr 2024, export of the smartphones to the US jumped multifold to $1.67 billion in opposition to $284.6 million a yr in the past, the commerce ministry information confirmed.
After the Indian authorities launched the product linked incentives (PLI) scheme and the entry of US-based iPhone maker Apple into home manufacturing, India has emerged as a significant manufacturing hub for cell phones.
The US was adopted by the United Arab Emirates which accounted for $836.36 million, the Netherlands ($379.3 million), the UK ($336.27 million), Italy ($245.7 million), and the Czech Republic ($230.25 million).
In fiscal yr 2022-23, the general India’s export of smartphones was at $10.95 billion.
Previous to 2022-23, the smartphone exports have been non-existent, so the information was not captured.
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