India is one of the world’s largest economies, with a population of over 1.4 billion people. This makes it a very attractive market for companies looking to sale and manufacture products. Apple, aware of this situation, shifted some of its production from China to India a while ago. It seems that this move has proven beneficial for both parties as Apple propels smartphones into the top five of India’s exports. Here are the details…

Apple’s iPhone Propels Smartphones into Top Five of India Smartphone Exports

India’s smartphone exports have almost doubled in the last year, from $5.4 billion to $10.9 billion. This is a significant increase, and it is largely due to Apple. Apple accounted for about half of India’s smartphone exports in the 2022-2023 financial year, even though this only constitutes 7% of its entire iPhone production.

Apple executives in India Smartphone iPhone factory

In 2022, Apple started assembling iPhones in India at its Foxconn factory. This is a major step for Apple, and it is a sign of the company’s confidence in the Indian market. Apple plans to increase its manufacturing presence in India in the future, and this is likely to lead to even more growth in India’s smartphone exports.

India is now the world’s second-largest smartphone market, and it is expected to become the world’s largest smartphone market by 2025. However, the growth of India’s smartphone exports also presents some challenges for the Indian government. The government needs to ensure that the country has the necessary infrastructure to support the growth of the smartphone industry.

This includes things like reliable electricity, good roads, and a skilled workforce. The government also needs to make sure that the Indian market is open to competition, and that there are no barriers to entry for new players. However, the parties are the only way to work together to solve all these problems and meet the needs.

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