Smartphones’ imports fall, exports rise as local manufacturing recovers

The local smartphones production has recovered to pre-pandemic levels, resulting in high exports and low imports, govt data showed. Smartphone exports in August totalled Rs 1781.1 Cr by value, higher than March’s 976.3 Cr. Imports, in August, totalled Rs 1050.1 Cr by value to Rs 2225.2 Cr in June. Sept smartphones sales are expected to cross 15M, as per various industry estimates. For the whole year, 2020 sales are estimated to be 130-135M against last year’s 154M.

Click here to read the full story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s