Over the last couple of months, exports have been touching $1 billion a month, and the trend is likely to continue over the coming quarter, a senior industry executive said. The majority of these exports were being done by Samsung and Apple.
"Last year, smartphone exports were at ₹45,000 crore, this year, we've already crossed that number and doing roughly $1 billion a month. At this rate, we should be able to reach $9 billion this year," said Pankaj Mohindroo, chairman of the Indian Cellular and Electronics Association that represents handset makers in the country.
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