Mobile phone makers answer the record $20.4 b export call
- Posted on January 19, 2025
- By Business News Today
- 1 Views
Mobile phone makers answer the record $20.4 b export call
India's mobile phone exports reached a record $20.4 billion in 2024, driven by strong overseas shipments from Apple and Samsung, marking a 44% increase from 2023. Apple's exports accounted for 65% of the total, while Samsung contributed 20%. The production linked incentive (PLI) scheme launched in 2021 significantly boosted exports and job creation in the mobile phone industry.