MOBILE PHONE IMPORTS: CY23 VS CY22
The Fig. 3b indicates a decrease in mobile phone imports from CY22 to CY23. In CY22, the imports stood at USD 1.6 Bn, which dropped to USD 1.1 Bn in CY23, marking a significant reduction of 31.3% year over year. This indicates an increase in domestic production during CY23 compared to CY22, catering to the domestic demand.
