India’s Smartphone Export Boom in FY25: A Record-Breaking Leap Beyond ₹2 Lakh Crore
India’s smartphone industry has achieved a major milestone in the financial year 2024–25 (FY25) as exports crossed ₹2 lakh crore for the first time. This achievement, announced by Union Minister for Electronics and IT, Ashwini Vaishnaw, showcases the impact of the Production-Linked Incentive (PLI) scheme and India’s strengthening position in global supply chains. The impressive surge not only reflects increased manufacturing capability but also points to a shift in trade dynamics with Apple’s iPhone exports playing a pivotal role.
Summary/Static | Details |
Why in the news? | India’s Smartphone Export Boom in FY25: A Record-Breaking Leap Beyond ₹2 Lakh Crore |
FY25 Smartphone Exports | ₹2 lakh crore+ |
Growth Over FY24 | 54% increase |
Key Policy Driver | Production-Linked Incentive (PLI) Scheme |
Local Manufacturing Share | 99% of smartphones used in India are made locally |
Major Exporter | Apple (70% of total smartphone exports) |
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