India to cross $10 bn worth mobile exports in FY22-23, Apple leads at 50%

Buoyed by attractive government incentives towards local manufacturing, India is all set to reach a remarkable $10 billion (over Rs 82,000 crore) worth smartphone exports in the fiscal year ending March 31, industry data showed on Wednesday.

According to the India Cellular and Electronics Association (ICEA), Apple’s ‘Make in India’ smartphone now constitute 50 per cent of total exports.

Samsung is second with 40 per cent mobile exports while other smartphone players constitute 10 per cent export share.

Smartphone exports from India have doubled from a corresponding period from last fiscal year, driven by production-linked incentive (PLI) schemes.