Summary:

India’s smartphone exports hit a record ₹25,000 crore (US$ 3.14 billion) in January 2025, a 140% increase from January 2024. Union Minister Ashwini Vaishnaw projected FY25 exports to reach ₹2,25,000 crore (US$ 25.92 billion). Apple led with 70% of exports, with Foxconn, Tata Electronics, and Pegatron significantly contributing to this remarkable growth. India's smartphone export growth is driven by the Production-Linked Incentive (PLI) scheme, which boosted competitiveness and attracted global firms like Apple to India. Exports rose from ₹26,914 crore in FY21 to ₹1,35,439 crore in FY24. By December 2024, smartphones became India’s second-largest export category, highlighting the country’s growing global significance.

Source: IBEF 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness