India set to export mobile phones worth $9 billion in FY23: Report

Phone exports have already crossed the $5 billion mark, twice more than the last year's $2.2 billion

On the back of higher production and more shipments, India will export mobile phones worth $9 billion in the current financial year (FY23). This will be a significant jump from $5.8 billion in FY22, a report in the Economic Times (ET) said. 

According to data from industry body India Cellular and Electronics Association (ICEA), total electronics manufacturing in India will rise to $300 billion by FY26. From $87 billion in FY22, the total manufacturing of electronics will be at $100 billion. 

Out of the total, phone exports have already crossed the $5 billion mark, nearly twice more than the last