The value of iPhone business in India has crossed $23.5 billion.
Earlier, Finance Minister Nirmala Sitharaman had said that the production of mobile phones in the country has increased three times in the last six years. At the same time, mobile phone exports have increased 100 times, which shows that the country's mobile phone industry is progressing at a good pace.
NEWS - India's mobile phone exports have increased to $6.5 billion in the April-July period, 40 percent more than the same period last financial year. This information has been received from industry data released on Thursday. India has exported iPhones worth more than one billion dollars in the month of July. The performance on a monthly basis in the first quarter of FY25 has been almost similar. According to industry data, currently 70 percent of India's total mobile exports come from iPhones.
Let us tell you, after the launch of Production Linked Scheme by the Government of India, the production of mobile phones in the country has increased rapidly. iPhone sales have increased in the first four months of the current financial year. Due to its latest features, iPhone 15 is at the top in sales. In the financial year 2023-24, the business value of Apple's Indian unit had increased to $ 23.5 billion. In the previous financial year it was at $8 billion.
Earlier, Finance Minister Nirmala Sitharaman had said that the production of mobile phones in the country has increased three times in the last six years. At the same time, mobile phone exports have increased 100 times, which shows that the country's mobile phone industry is progressing at a good pace.
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