Business News / India showed its worth to China, exported smartphones worth 4.43 crores to US every hour

Business News: China is still very strong in smartphone manufacturing, but to break this monopoly, American companies came out of China to India and started manufacturing. Now, in just a few years, India has started showing its worth to China. Yes, according to a report, India is now exporting smartphones worth Rs 4.43 crore to America every hour. The special thing is that in the first 9 months of the current financial year, this export has increased by 253 percent as compared to the total export of last year. Let us also tell you what kind of report has come out regarding smartphone export.

India's smartphone exports to the US increased to US $ 3.53 billion during April-December in the current financial year, which was US $ 998 million in the same period of the financial year 2022-23. According to Commerce Ministry data, India's share in smartphone exports increased to 7.76 percent during April-December in the current financial year, which was two percent in the same period of the last financial year. An official said the increase in smartphone manufacturing boosted exports.

Try to understand from data

• With this, India has become America's third largest smartphone exporter. China is at first place and Vietnam is at second place.
• The share of China and Vietnam in smartphone exports to America has declined during the first 9 months of the current financial year.
• Smartphone exports to the US from the top five suppliers declined to $45.1 billion in April-December 2023, from $49.1 billion in April-December 2022.
• China exported smartphones worth $35.1 billion to America during the period under review, which was $38.26 billion in the same period last year.
• Similarly, Vietnam's exports to America declined to $5.47 billion.

4.43 crore smartphones exported every hour

The special thing is that if India's exports to America are divided by every hour, then in the first 9 months, India has exported smartphones worth Rs 4.43 crore to America. Whereas in the financial year 2022-23, smartphones worth Rs 94.42 lakh were being exported every hour from India to America. This means that in a very short period of time, India has seen a tremendous increase in the export of smartphones to America.