India exports smartphones worth $4.67 bn in Apr-Jul FY24, US accounts for one-third of shipments

Premium During April-July 2023-24, smartphone exports soared by 99.52% over April-July 2022-23. Bloomberg During April-July 2023-24, smartphone exports soared by 99.52% over April-July 2022-23.

During the first four months of the current fiscal year 2024, export of the smartphones to the United States jumped multifold to $1.67 billion against $284.6 million a year ago, the commerce ministry data showed.

After the Indian government launched the product linked incentives (PLI) scheme and the entry of US-based iPhone maker Apple into domestic manufacturing, India has emerged as a major production hub for mobile phones.The United States was followed by the United Arab Emirates […]

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