New Delhi: Mobile exports from India crossed $8 billion within the first seven months (April to October) of the current fiscal. Mobile phone exports from the country grew 60% more than $4.97 billion registered during the same period last year.
‘Thanks to Prime Minister Narendra Modi’s PLI smartphone scheme, mobile exports touch $8 billion. An average of over $1 billion per month in the first seven months of FY24. Apple surpassed last full year’s iPhone export figure of $5 billion. Plus, over one lakh new jobs in 30 months since the PLI,’ said Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology Rajeev Chandrashekhar.
Apple Inc registered iPhones exports worth more than $5 billion from India during this period, marking a 177% increase compared to the same months last year. Earlier, during the same period in FY23, the company sold iPhones worth $1.8 billion via its three vendors in India. In addition, the smartphone exports in India saw an increase of about 61% compared to the last year’s reported figure of $4.97 billion. The iPhone is now responsible for 62.5% of India’s total smartphone exports.
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Electronics and Information Technology Minister Ashwini Vaishnaw said that mobile phone production has grown multi-fold in the country in the last nine years. The Union minister informed that the mobile phone industry has grown 20 times in these years. Mobile phone production was Rs 18,900 crore in 2014-15. This has reached at Rs 3.50 lakh crore in the last financial year.
More than 99% of all mobiles sold in India are now ‘Made In India’. In 2014-2015, India was 78% depended on import of mobile phones.
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