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India has made remarkable strides in the global smartphone market, rising from 23rd to 3rd place in smartphone exports since 2019. In a historic milestone, the country’s smartphone exports exceeded ₹20,000 crore in a single month in November 2024.
One of the key drivers behind this success is the Government of India’s Production-Linked Incentive (PLI) scheme. Designed to boost local manufacturing, the PLI scheme incentivizes companies to produce smartphones within India, thereby reducing reliance on imports.
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India has made remarkable strides in the global smartphone market, rising from 23rd to 3rd place in smartphone exports since 2019. In a historic milestone, the country’s smartphone exports exceeded ₹20,000 crore in a single month in November 2024.
One of the key drivers behind this success is the Government of India’s Production-Linked Incentive (PLI) scheme. Designed to boost local manufacturing, the PLI scheme incentivizes companies to produce smartphones within India, thereby reducing reliance on imports.
Follow us for Daily Updates🗞 and stay informed about the latest news and insights.