MOBILE PHONE EXPORT (USD BN AND INR CRORE)

EXPORT OF MOBILE PHONE:

There is a trend of growth from FY22-23 to FY23-24. April’s export figures alone show a significant increase
from $0.65 billion in FY22-23 to $1.07 billion in FY23-24. This increase continued in May with an even larger
rise from $0.45 billion to $1.36 billion. The total for these two months shows an increase of 118% in exports of
mobile phones. This is due to the increased production capacity and shifting of the supply chain to India with the
competitive business environment.