Bumper Apple crop! India’s iPhone exports pass Rs 1 lk cr

Apple has reached over ₹1 lakh crore in iPhone exports from India in 2024. Exports hit a record $12.8 billion, up 42% from the previous year. Local value addition increased to 15-20%, and domestic production surged nearly 46%. Apple secured $9 billion in exports in 2023, benefiting from the PLI scheme for smartphones.