Summary:

India's smartphone exports hit a record Rs. 1,55,000 crore (US$ 17.84 billion) in AprilJanuary, driven by the PLI scheme. January 2025 exports surged 140% to Rs. 25,000 crore (US$ 2.88 billion). Apple vendors contributed 70%, while Samsung accounted for 20%. Exports may reach Rs. 1,68,000 crore in FY25.

The PLI scheme, launched in April 2020, has been pivotal in boosting local manufacturing and attracting investment. It has significantly increased India’s smartphone exports, with FY24 exports reaching Rs. 1,31,000 crore (US$ 15.08 billion). The scheme offers incentives to promote large-scale electronics production, positioning India as a global hub.

Source: IBEF 

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