Friday, 24 March, 2023

Smartphones’ imports fall, exports rise as local manufacturing recovers

<p>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&rsquo;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&rsquo;s 154M.</p>