India smartphone exports to cross $1.5 bn |
In a year, when production activities across sectors were stopped due to the COVID pandemic, India`s smartphone exports are estimated to cross $1.5 billion. A report by analysis and research firm techARC has shown that the `Make in India` initiative has contributed significantly as people across 24 countries buy mobile phones made in India. From January to September, a total of 12.8 million mobile phones were exported from India of which 10.9 million were smartphones. COVID-19 caused a sharp decline in the April to June period. As per the report, the Indian smartphone export market is estimated to cross $1.5 billion by the end of this year. During the January to March period, 7.4 million units were exported but these declined sharply to 1.2 million in the April to June period due to COVID-19 and the lockdown restrictions. In the July to September period, 4.2 million units were shipped. A total of 12.8 million mobile phones was exported from January to September, and of this, 10.9 million units were smartphones. Of the 21 brands exporting mobile phones from India 17 brands are exporting smartphones. India exported over 4.5 million phones to the UAE, over 1.3 million to the US, over 1.2 million to Russia, over 1.09 million to South Africa, and six hundred twelve thousand and 963 to Italy.
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