New Delhi, Dec 16 || India has seen a record smartphone exports in November this year, surpassing the Rs 20,000 crore mark for the first time in a month, which was led by Apple.
According to industry data, smartphone exports crossed Rs 20,300 crore, a more than 90 per cent rise from the same period last year. Apple led the exports last month, followed by Samsung.
In November last year, the smartphone exports from the country was over Rs 10,600 crore, as per the industry data.
The smartphone market in the country is expected to exit 2024 with a single-digit annual growth.
Meanwhile, riding on the government's production-linked incentive (PLI) scheme, Apple’s iPhone production in the country reached $10 billion in the seven months of this fiscal (FY25), with $7 billion in exports alone which is a record.
The tech giant manufactured/assembled $14 billion of iPhones in India last fiscal (FY24), with exporting more than $10 billion worth of iPhones.
According to Union Electronics and IT Minister Ashwini Vaishnaw, this is yet another milestone for the smartphone PLI scheme in 7 months.