FY24

Leading banking names have the strength to continue supporting the market, he said.

As per the estimates by the Department of Commerce and the India Cellular and Electronics Association (ICEA), accessed by IANS, the April-August period saw mobile phone exports worth $5.5 billion, against $3 billion (about Rs 25,000 crore) in the same period in FY22-23.

The government sector accounted for 16.6 per cent of total investments in 1QFY24, up from 12 per cent in 1Q of the past three years and 10 per cent in the past decade.