India Emerges as 3rd Largest Exporter in Smartphone Market

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