Explainer: Apple India business value exceeds Rs 2 lakh cr. How did it reach there?

The value of Apple Inc’s business in India, including exports, crossed Rs 2 lakh crore in fiscal 2024, driven not only by a surge in the local manufacturing and export of iPhones, but also a spurt in domestic sales of its other products including MacBooks, iPads and Watches.

The US-based tech giant has likely exhibited the fastest growth in production and exports by any company in the last 50 years in India, making it the largest global value chain operating here, said officials.