Smartphones are now the Fourth Largest Export item from India, with a 42% Increase in FY24.
Smartphones have become India’s fourth-largest export item, growing by 42% to $15.6 billion in fiscal year 24. This significant rise in the export ranks saw cellphones surpass motor fuel, ushering in a new era in India’s export environment. India began separately recording smartphone export data in April 2022. Since then, the sector has shown excellent…