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.

Key Highlights and Developments

Milestone Achievement

  • Smartphone exports surpassed ₹2 lakh crore in FY25 — the highest ever for India in this sector.

PLI Scheme Impact

  • Growth driven significantly by the Production-Linked Incentive (PLI) scheme, promoting domestic manufacturing and exports.

Growth Rate

  • Exports saw a 54% increase over the previous financial year, demonstrating strong upward momentum.

Integration into GVCs

  • India’s integration into Global Value Chains (GVCs) has deepened, with increased participation of Indian MSMEs.

Employment Boost

  • Rising exports have created large-scale employment opportunities, especially in electronics manufacturing.

Self-reliance Success

  • 99% of smartphones used in India are now locally manufactured, reducing import dependence.

Key Export Contributor

  • Apple was the largest contributor.
  • 70% of exports came from the iPhone supply chain.
  • Foxconn (Tamil Nadu) alone contributed 50% of shipments, showing a 40% YoY growth.
  • Tata Electronics emerged as a major player with its Wistron unit (Karnataka) and Pegatron partnership (Tamil Nadu).

Past Data

  • Smartphone exports reached ₹1.75 lakh crore by February 2025, already surpassing FY24’s total.
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)
Shivam

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