IPHONE EXPORTS FROM INDIA CROSSD 20000 Cr IN Q1

India’s smartphone exports have been on a tear in recent years, and iPhone exports have been a major driver of this growth. In the first quarter of 2023, iPhone exports from India crossed 20,000 crore, a staggering 400% increase from the same period last year.

This growth is being driven by a number of factors, including the increasing popularity of iPhones in India, the government’s production-linked incentive (PLI) scheme, and the growing demand for smartphones in global markets.

The PLI scheme, which was launched in 2020, is designed to boost manufacturing of electronics in India. The scheme offers tax breaks and other incentives to companies that set up manufacturing plants in India. Apple is one of the beneficiaries of the PLI scheme, and the company has been ramping up its manufacturing capacity in India in recent months.

The growing demand for smartphones in global markets is also helping to drive the growth of iPhone exports from India. India is now the world’s second-largest smartphone market, and the demand for smartphones is expected to continue to grow in the coming years.

The growth of iPhone exports from India is a positive development for the Indian economy. It is creating jobs, boosting exports, and helping to make India a global hub for electronics manufacturing.

In addition to the economic benefits, the growth of iPhone exports from India is also helping to improve the country’s image in the world. India is now seen as a major player in the global electronics industry, and this is helping to attract investment and talent to the country.

The future of iPhone exports from India looks bright. The government is committed to making India a global hub for electronics manufacturing, and the demand for smartphones is expected to continue to grow in the coming years. This combination of factors is likely to lead to further growth in iPhone exports from India in the years to come.

Here are some of the key takeaways from this news article:

  • iPhone exports from India have been growing rapidly in recent years.
  • The PLI scheme is a major driver of this growth.
  • The growing demand for smartphones in global markets is also helping to drive growth.
  • The growth of iPhone exports from India is a positive development for the Indian economy.
  • The future of iPhone exports from India looks bright.

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