Export push: Apple, Samsung take electronics to third spot

Apple and Samsung, who manufacture their smartphones in India under the production-linked incentive (PLI) scheme, have helped push electronics exports during the first two months of this fiscal to the third spot. Electronics, which were the fifth largest contributor to India’s exports in FY24, have overtaken gems and jewellery in during April-May.

According to department of commerce data, electronics exports during April-May stood at $5.62 billion, an increase of 24% over $4.52 billion during the same period last year.