India’s smartphone exports have set a new benchmark, surging past the $2 billion mark in October 2024 — the highest monthly total ever recorded, according to estimates from the Indian Cellular and Electronics Association (ICEA). This milestone underscores the country’s growing prominence in global mobile supply chains. In the first seven months of the current financial year, smartphone exports in value terms have already exceeded $10.6 billion — marking a 37% year-over-year increase from the $7.8 billion recorded in the same period last year. October’s performance, driven largely by Apple’s iPhone, saw a 23% jump from the previous high of $1.78 billion in May 2024, and a 70% increase compared to the $1.2 billion in exports in October 2023. Looking ahead, the export trajectory is poised for further growth in 2024-2025, as per a report.
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