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flag India's smartphone exports soar to $23.33 billion, driven by Apple's iPhone and government incentives.

flag India's smartphone exports hit a record Rs 2 lakh crore ($23.33 billion) in the fiscal year 2024-25, marking a 54% increase from the previous year. flag This growth is attributed to the government's Production-Linked Incentive (PLI) scheme, which has boosted local manufacturing. flag Apple's iPhone exports, accounting for nearly 70% of total exports, played a significant role. flag The PLI scheme aims to make India more self-reliant in electronics manufacturing.

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