India Emerges as Apple’s Key Export Hub, $50-billion iPhones traded under PLI scheme
India has emerged as a major export hub for Apple under India’s smartphone production-linked incentive (PLI) scheme. According to industry data, the company’s iPhone shipments had exceeded $50 billion by December 2025. With three months still remaining in Apple’s five-year PLI period, this figure is expected to rise further. Apple iPhone exports, in the first…