Indian Smartphone Exports Skyrocket to $18.8 Billion

The country's smartphone exports surged by 43.7% to $18.8 billion for the April-November period, as reported by the commerce ministry. The US is the primary market, followed by UAE, China, and EU nations. Indian smartphones are expanding into newer markets, including Slovakia and Vietnam.

India's smartphone export sector has witnessed an impressive 43.7% growth, reaching $18.8 billion during the April-November timeframe, according to recent data from the commerce ministry.

The increase signifies a substantial rise from the $13.08 billion in the previous fiscal year and $9.07 billion two years ago. The United States remains the primary destination for these exports, closely followed by the UAE, China, Portugal, and Spain, highlighting a diverse global market for Indian technology products.

Further, Indian smartphones are breaking into emerging markets like Slovakia, Israel, Latvia, Vietnam, and South Korea, reflecting the industry's expanding international presence.

(With inputs from agencies.)