According to the latest government data, India’s smartphone exports have become the country’s leading export category in 2024-25, overtaking traditional sectors like petroleum products and diamonds.
Smartphone exports surged by 55 per cent to $24.14 billion in 2024-25, up from $15.57 billion in 2023-24 and $10.96 billion in 2022-23. Further, the top five countries that recorded the highest growth in India’s smartphone exports last fiscal were the US, the Netherlands, Italy, Japan, and the Czech Republic. Over the past three years, exports to the US rose nearly fivefold, from $2.16 billion in 2022-23 to $10.6 billion in 2024-25, while shipments to Japan grew fourfold, from $120 million to $520 million in the reported period.
Furthermore, the growth has been attributed to the robust government support through the Production Linked Incentive (PLI) scheme, which has driven investments, expanded domestic manufacturing capacity, and deepened India’s integration into global value chains.
