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Mobile phone industry in India grown multi-fold in last nine years: Ashwini Vaishnaw

New Delhi: 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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Earlier, a report by global research firm Counterpoint claimed that India has become the second-biggest mobile phone-producing country after China. Mobile phones manufactured in India had a market share of 19% in 2014 and saw a jump to 98% in 2022.

As per government data, mobile exports in India in the first seven months of the current fiscal year (April to October) crossed $8 billion. Apple Inc registered iPhones exports worth more than $5 billion from India during this period.

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