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Power Of Finance (SEBI RA)

23rd Sep · SEBI-Registered Analyst

India's Smartphone Exports Soar 55% to $11.7 Billion in April-August

DIXON
India's smartphone exports reached $11.7 billion between April and August, a 55% increase year-over-year. The US became the primary destination, with shipments totaling $8.4 billion, a 193% jump. Apple contributed significantly, with exports of $8.5 billion, up 77% from the previous year. August saw a 248% increase in exports to the US. Annual smartphone exports are projected to reach $33 billion, up from $24.1 billion last year. Growth is driven by strong international demand and enhanced domestic manufacturing capabilities.

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