Apple’s iPhone powers India’s mobile exports to over Rs 2 lakh crore
[ad_1] NEW DELHI: Led by Apple’s iPhone, India’s mobile phone exports crossed Rs 2 lakh crore in fiscal 2024-25, growing by a strong 54% over the previous year.The share of iPhone in the exports stood at Rs 1.5 lakh crore, Union Minister Ashwini Vaishnaw said on Tuesday as he forecasted a doubling of electronics exports over the next five years."Smartphones are now among the top exported goods out of India," Vaishnaw said.Apart from Apple, Samsung also exports smartphones out of India, and other companies include Motorola. Chinese players such as Vivo, Oppo and Xiaomi — while being strong players within India — are still to get big on exports.The minister said that manufacturing of electronics has increased more than five times in the last decade while exports have moved up more than six times.Vaishnaw also announced the rollout of the […]