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The total production of electronic goods in India in FY23-24 is likely to reach $115 billion, buoyed by mobile phones' local production which is estimated to exceed $50 billion in the current fiscal year, said the India Cellular and Electronics ...
Riding on the local manufacturing growth, mobile phone exports from the country have surpassed $9 billion (more than Rs 75,000 crore) from April to November in the current fiscal year, industry data showed on Sunday.
Mobile Exports: Led by Apple, India is set to cross $15 billion (over Rs 1,24,000 crore) in mobile phone exports in the current fiscal year, posting a growth of 35 per cent over the last fiscal year.
Year 2024 is expected to see robust growth in India's electronics manufacturing sector which is set to grow 15 per cent. According to data shared by the government, domestic electronics manufacturing increased over four-fold to Rs 8.22 lakh crore or USD 102 billion in the last 10 years from Rs 1,80,454 crore (USD 29.8 billion) in FY14.
Riding on the local manufacturing growth, mobile phone exports from the country have surpassed $9 billion (more than Rs 75,000 crore) from April to November in the current fiscal year, industry data showed on Sunday.