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New Delhi: India exported smartphones value USD 4.67 billion in April-July this fiscal, following a multifold soar in shipments to the US, which emerged as the most important vacation spot for India-made gadgets, in accordance with authorities information. The smartphone exports to the US jumped a number of occasions to USD 1.67 billion through the first 4 months of this fiscal towards USD 284.6 million a yr in the past, the commerce ministry information confirmed.
The US accounted for one-third of the shipments in worth phrases.
The US was adopted by the UAE (USD 836.36 million), the Netherlands (USD 379.3 million), the UK (USD 336.27 million), Italy (USD 245.7 million), and the Czech Republic (USD 230.25 million).
General India’s export of smartphones in 2022-23 was USD 10.95 billion. Throughout April-July 2023-24, smartphone exports soared by 99.52 per cent over April-July 2022-23.
Previous to 2022-23, the smartphone exports had been non-existent, so the information was not captured.
After the announcement of the Product Linked Incentives (PLI) scheme and the entry of US-based iPhone maker Apple into home manufacturing, India is rising as a serious manufacturing hub for smartphones.
