India’s ascent from the 23rd position in global smartphone exports in 2019 to securing the 3rd spot in 2024 marks a monumental achievement in its manufacturing and export capabilities. With smartphone exports crossing ₹20,000 crore in November 2024, this growth highlights India’s success in leveraging government initiatives and a robust domestic production ecosystem.
Key Highlights
Growth in Smartphone Exports
- India’s smartphone exports increased by 92% in November 2024 compared to the same month last year.
- Exports in November 2024 reached ₹20,395 crore, a sharp rise from ₹10,634 crore in November 2023.
Government Initiatives Driving Growth
- Production-Linked Incentive (PLI) Scheme: Aimed to boost local manufacturing and reduce import dependency.
- PLI targets for 2024-25 include exporting 70-75% of the total production value.
- Support for domestic and international companies to establish manufacturing units in India.
Achievements Under the PLI Scheme
- Ambitious export targets surpassed, reflecting the scheme’s success.
- Enhanced competitiveness of Indian-made smartphones in global markets.
Economic Impact
- Boost to the Indian economy through increased foreign exchange reserves.
- Creation of jobs in manufacturing, supply chains, and allied sectors.
- Improved trade balance through higher exports.
Future Outlook
- Continued investment in technology and manufacturing infrastructure.
- Focus on innovation and competitive pricing to attract international buyers.
- Strengthening India’s position as a global hub for smartphone production.
| Summary/Static | Details |
| Why in the news? | India Emerges as 3rd Largest Exporter in Smartphone Market |
| Global Rank | 3rd Largest Smartphone Exporter |
| Previous Rank | (2019) 23rd |
| Export Value (Nov 2024) | ₹20,395 crore |
| Growth Over Nov 2023 | 92% Increase (₹10,634 crore in Nov 2023) |
| Government Initiative | Production-Linked Incentive (PLI) Scheme |
| PLI Export Target (FY 2024-25) | 70-75% of Total Production Value |
| Economic Impact | – Boost to foreign exchange reserves
– Job creation in manufacturing and allied sectors – Improved trade balance |
| Factors Driving Growth | – Government policies (PLI Scheme)
– Growing domestic manufacturing base – Increased investment in infrastructure and technology |
| Future Focus | – Strengthen global market position
– Innovation and competitive pricing – Attract international buyers |
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