India Mobile Phone Exports: Recently, a report of the International Trade Center has come out, which states that India has overtaken China and Vietnam in smartphone exports. The world is increasingly looking towards India for smartphone exports. If we talk about the figures, India’s mobile exports have been more than 40 percent in 2024. Whereas mobile exports in China have fallen by 2.78 percent.
If we talk about Vietnam, there has been a 17.6 percent decline in mobile exports. Both China and Vietnam are at the top in terms of mobile exports in the world. Both had maintained their dominance in the mobile export market. But now India is rapidly ending the dominance of China and Vietnam.
PLI scheme benefited so much
If India has been able to overtake a country like China in mobile exports, then the PLI scheme has played a big role in it. The PLI scheme is an initiative started by the Government of India, which aims to not only encourage foreign companies to create employment in the country, but also encourage domestic and local production to bring small employment.
It is because of the PLI scheme that the world’s big mobile companies like Apple, Vivo, Xiaomi, and Samsung are producing smartphones locally.
India’s growth in mobile exports
According to the data of the International Trade Center, the mobile export in the world in 2023 was $ 136.3 billion, but it declined in 2024. After this, this figure became $ 132.5 billion. In the same sequence, mobile export in Vietnam was 31.9 percent in 2023. But in 2024 it decreased to 26.27. On the other hand, if we talk about India, then in 2023, mobile export from India was $ 11.1 billion. Which increased to $ 15.6 billion in 2024. According to this, India has achieved a direct growth of 4.50 percent in a year.
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