In the current fiscal year, smartphones worth 15 billion dollars have been exported from India. In this, the export of iPhone increased by 35 percent. Recently, this information was revealed by the official sources of the country. News Now TV.
According to the report of ET Telecom, in the fiscal year 2022-23, smartphones worth a total of 11.1 billion dollars were exported. Apple accounted for 65 percent of total exports in the current financial year. As such, the company has marketed products worth a total of $10 billion, which is double the $5 billion in FY2023.
According to government documents, manufacturing of electronic products in India, including mobiles, has created more than 1.2 million new employment opportunities. In addition, the country has produced more than 50 billion dollars in the current financial year.
India’s Information and Communication Minister Ashwini Vaishnav said in an interview, ‘We have had good success in mobile phone production. Value addition has increased at the local level. Because currently various components used in the production of electronic products are being made in India’.
He said that the rate of smartphone production and export in India will increase further. Because companies are now working to build their entire ecosystem at the local level. At the same time, the ability to design at the internal level is also increasing.
According to the data received, the overall export of electronic products from India has increased by 24 percent to 29.12 billion dollars. Whereas in the previous financial year it was 23.55 billion dollars. However, the country’s exports of other products fell by 3.11 percent during the same period.
