In the last few years, India’s smartphone market has grown rapidly several times. The number of smartphones being made in the country is increasing continuously. Smartphones made in India are also being liked globally, and their demand is increasing abroad.
At the same time, India is keeping pace with countries like China and Vietnam regarding exports. Exports from both these countries have decreased, which has directly benefited India. India is in a much better position than they are.
Damage Of Made in India Phone
According to the International Trade Center (ITC) data, the number of smartphones exported from India has increased rapidly in the last few years. While the mobile exports of countries like China and Vietnam have decreased, India’s position has improved.
In 2023-24, the export of Chinese mobile phones fell by 2.8% annually to around Rs 11 lakh crore, which shows that the market for Chinese smartphones has declined globally. At the same time, Vietnam’s mobile phone exports declined by 17.66% to Rs 2.19 lakh crore.
Exports Increased Rapidly
Both countries were far ahead of India in exports until some time ago. The increase in exports from India can be gauged from the figures: In the financial year 2022-23, mobiles worth Rs 92,617 crore were exported from India. But this time, India has jumped 40.54% and exported mobiles worth Rs 1.3 lakh crore, which shows that India has exported mobiles worth Rs 38 thousand crore more.
Decline In Vietnam’s Exports
Data from the International Trade Center (ITC) states that Vietnam, which used to export mobiles on a large scale until some time ago, has declined its total exports by 50 percent. This clearly shows that mobiles made in this country are being liked less at the foreign level than before. In terms of exports, the same thing is happening with China.
