New Delhi: India’s smartphone exports have achieved a significant milestone, surpassing ₹2 lakh crore (approximately $26 billion) in the 2024-25 financial year, with iPhone shipments accounting for approximately ₹1.5 lakh crore (around $19 billion). This marks a 54% increase over the previous fiscal year, highlighting the sector’s robust growth.
Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, noted that electronics manufacturing in India has expanded more than fivefold, and exports have increased over sixfold in the past decade.
The surge in exports is largely attributed to the government’s Production-Linked Incentive (PLI) scheme, which has incentivized manufacturers to enhance production and export activities. Major contributors include Foxconn’s facility in Tamil Nadu, Tata Electronics in Karnataka, and Pegatron, all of which have significantly boosted export figures.
In January 2025, monthly smartphone exports peaked at ₹25,000 crore (approximately $3 billion), a 140% year-on-year increase compared to January 2024. Apple’s iPhone vendors played a pivotal role, accounting for nearly 70% of these exports, with Foxconn’s Tamil Nadu facility contributing about half
Looking ahead, the industry projects that smartphone exports could exceed ₹1.8 lakh crore by the end of the fiscal year, representing a 40% growth over the previous year and a remarkable 680% increase since the inception of the PLI scheme in FY20-21
To further bolster the sector, the government is introducing a draft notification for a passive component scheme, open for public consultation for two weeks. This initiative aims to support the growth of essential components in smartphone manufacturing, ensuring a sustainable and robust electronics manufacturing ecosystem in India.
Sorry, there was a YouTube error.
