Apple nears forex-positive status in India as iPhone exports hit $21.5B in FY26
Apple is closing in on forex-positive status on India iPhone production, with 83% of $26 billion FY26 output exported. Meity projects 85% export share in FY27, backed by 40+ domestic component vendors lifting value-addition to 14.5% under the PLI scheme. Five-year production tally: $71B, exports $55.5B.
Apple is nearing forex-positive status on India iPhone production, exporting 83% of $26 billion FY26 output. Meity expects 85% export share in FY27, with 40+ domestic component vendors lifting value-addition to 14.5% under the PLI scheme.