NEW DELHI : India’s smartphone exports to its largest market, the US, fell 58% from USD 2.29 billion in May to USD 964.8 million in August, think tank GTRI said on Monday. It said that the development is alarming and counter-intuitive as there are no tariffs on smartphones.
“This demands urgent investigation to uncover the real reasons that are driving the fall,” the Global Trade Research Initiative (GTRI) said. Smartphone exports, India’s largest export to the US, plunged 58% from USD 2.29 billion in May 2025 to USD 964.8 million in . . .
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