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in Economy

Apple boost helps India double smartphone exports; shipments hit $11.1 bn

by Editor April 13, 2023, 1:23 am 1.3k Views

India doubled its exports of smartphones to $11.1 billion (about Rs 91,000 crore) in 2022-23 (FY23) over the previous year’s figure of $5.48 billion (Rs 45,000 crore), thanks largely to the Apple juggernaut, according to data from the India Cellular and Electronics Association (ICEA).

Union Minister for Communications, Electronics & IT Ashwini Vaishnaw said: “With the doubling of exports of smartphones to over Rs 90,000 crore,…

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