India Breaks Records: Smartphone Exports Surpass ₹2 Lakh Crore in FY25
India’s smartphone exports have reached an unprecedented milestone, crossing the ₹2,00,000 crore mark for the first time in the financial year 2024-25. According to data from the India Cellular and Electronics Association (ICEA), this represents a robust 55% year-on-year growth from ₹1,29,000 crore recorded in FY 2023-24.
This landmark achievement positions smartphones as India’s top export commodity, overtaking long-standing leaders like petroleum products and diamonds. ICEA credits this remarkable rise to the Government of India’s visionary ‘Make in India’ initiative and the impactful Production Linked Incentive (PLI) Scheme.
Global Giants Boost India’s Manufacturing Ecosystem
Leading the surge are global electronics powerhouses Apple and Samsung, which have dramatically expanded their manufacturing capacities in India. This aggressive push has elevated India’s total mobile phone production to ₹5,25,000 crore in FY25, up from ₹4,22,000 crore the previous year.
“Crossing ₹2 lakh crore in smartphone exports marks a strategic inflection point,” said ICEA Chairman Pankaj Mohindroo. “This shift highlights India’s evolving capabilities and its growing presence in global electronics supply chains.”
PLI Scheme: The Game Changer
The PLI scheme has been instrumental in attracting substantial foreign investments and scaling domestic electronics production. Its success has helped India integrate more deeply into global value chains and become a preferred hub for electronics exports.
Despite the achievements, ICEA emphasized the need to resolve infrastructure bottlenecks, high logistics costs, and tariff-related challenges to maintain momentum.
Strategic Global Opportunities Ahead
ICEA also pointed to shifting global trade dynamics as an opportunity. Recent reciprocal tariffs introduced by the United States, under former President Donald Trump, could open strategic export channels for Indian electronics manufacturers.
“India’s ambitions are global. We want to be the preferred electronics supplier across all major markets,” Mohindroo said, reaffirming ICEA’s commitment to supporting India’s goal of achieving $500 billion in electronics exports by 2030.