As per a recent data released by the ministry of commerce, India has exported around 36 million units of mobile phone in the financial year (FY) 2019-2020. With this, the exports have become more than double as compared to the previous year’s 17 million units.
The year-on-year growth in exports during March ended FY 2019-20, in terms of value was 91 per cent with India exporting devices worth Rs 210 billion. Exports have surged from 2 million units in FY16-17.
Correspondingly, imports in the category plunged 81 per cent to 2 million in FY 2019-20 from 26 million in FY 2018-19. However, phone imports have fallen from 75 million units in FY16-17.
Further, India’s contribution to the global smartphone market has risen from 9 per cent in 2016 to 16 per cent 2019 as major handset makers diversify to countries other than China.
The data is mentioned under the category ‘Telephones for cellular or for other wireless networks’ which includes feature phones, smartphones, and phone assembly parts as well as other components such as chargers.
As per government data, India has around 270 factories making handsets and components.