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India has witnessed a significant surge in smartphone exports, with the industry experiencing a remarkable 42% growth in the fiscal year 2024 (FY24)[1][2][3]. This substantial increase has propelled smartphones to become the country's fourth-largest export item, with a total value of $15.6 billion[1][2][3].

This growth is a testament to India's rapidly expanding electronics manufacturing sector, which has been driven by government initiatives and investments in the industry. The country's smartphone exports have seen a significant upswing, with major brands and manufacturers setting up production facilities in India to cater to both domestic and international demand. As a result, India has solidified its position as a key player in the global smartphone market, with its exports contributing substantially to the country's economy[1][2][3].

Citations:
[1] https://www.business-standard.com/industry/news/smartphones-become-india-s-fourth-largest-export-item-with-42-growth-124052201622_1.html
[2] https://tech.hindustantimes.com/mobile/news/smartphones-are-now-the-4th-largest-export-item-in-india-with-42-growth-in-2024-report-71716548898313.html
[3] https://theindustryview.com/smartphones-emerge-as-indias-4th-largest-export-item-with-42-growth/
[4] https://www.ibef.org/news/smartphones-become-india-s-fourth-largest-export-item-with-42-growth

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