22nd December 2024

US Stood As The Biggest Exporter For Indian Smartphones In Apr-Jul: Govt Data

by | Oct 9, 2023 | @HH Bright Zone

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A recent data by the Indian government has revealed that India exported smartphones worth USD 4.67 billion in April-July this fiscal, following the numerous shipments to the US, which emerged as the biggest destination for the country’s handmade devices.

The Commerce Ministry said the US smartphone exports stood at USD 1.67 billion during the first four months of this fiscal against USD 284.6 million a year ago. It added the US accounted for one-third of the shipments in value terms.

The government data underlined following the US the top five countries to which India exported the device include the UAE at USD 836.36 million, the Netherlands at USD 379.3 million and the UK at USD 336.27 million.

Italy and the Czech Republic exports were reported at USD 245.7 million and USD 230.25 million respectively.

Underlining India’s overall smartphone export in 2022-2023 which was at USD 10.95 billion the data said during April-July 2023-2024, the devices exports soared by 99.52 per cent over April-July 2022-2023.

The report attributed the Product Linked Incentives (PLI) scheme and the entry of Apple into domestic manufacturing as an emerging force making India a major production hub for smartphones.

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