Make-in-India Pro Max: iPhone 16 is a milestone for Indian manufacturing

Despite naysayers, India’s manufacturing story is gathering pace. The leader in this story is the electronics sector. The mobile phone segment within the electronics sector has experienced the maximum growth with exports to the US rising from $2.2 billion in the financial year 2022-23 to $5.7 billion in FY24. US smartphone major Apple assembled 14 per cent of global iPhones in India in FY24 and India’s ranking in global electronics export improved by four positions.