India has become the third-largest smartphone exporter in the world

Current Context: On December 18, 2024, India achieved a significant milestone by becoming the third-largest smartphone exporter in the world.

• This rapid ascent from the 23rd rank in 2019 was largely driven by the success of the Production-Linked Incentive (PLI) scheme.
• This scheme encouraged local manufacturing and attracted major smartphone brands to set up or expand their production facilities in India.
• As a result, in November 2024, India's smartphone exports surpassed ₹20,000 crore in a single month, with companies like Apple and Samsung leading the charge.

Question:

1 On December 18, 2024, India achieved which global rank in smartphone exports?

• A) First
• B) Second
• C) Third
• D) Fifth

Answer: C) India became the third-largest smartphone exporter globally, rising significantly from the 23rd rank in 2019 due to the success of the Production-Linked Incentive (PLI) scheme.