5 months ago
Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
The HinduUS smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded that India's electronics manufacturing sector has experienced significant growth since 2014, accounting for an estimated 3.7 per cent of the global market share in FY22. The economic survey sees smartphone manufacturing as one of the key sector when it comes to riding on geopolitical sentiments among global companies around "China plus one" strategy.
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