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Apple iPhone Exports From India Doubling in Boon to Modi’s Plan

  • Exports of India-made iPhones top $1 billion in five months
  • India seeking to challenge neighbor China as manufacturing hub
Apple began making the iPhone 14 in India last month.

Apple began making the iPhone 14 in India last month.

Photographer: Edwin Koo/Bloomberg

Apple Inc.’s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter, signaling the South Asian nation is making progress with its bid to become a force in electronics manufacturing.

At the current rate, outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to reach $2.5 billion in the 12 months through March 2023, the people said. That’s almost double the $1.3 billion worth of iPhones India exported in the year through March 2022, the people said, asking not to be named as the data isn’t public.