Smartphones become India’s top export as shipments cross ₹2 lakh cr in FY25: Report
New Delhi: India’s mobile phone exports have reached a record-breaking ₹2,00,000 crore in the financial year 2024-25, marking a 55% rise from ₹1,29,000 crore in FY24, Moneycontrol reported, citing data from the India Cellular and Electronics Association (ICEA).
Smartphones have now become the country's leading export commodity, surpassing petroleum products and diamonds—long considered export mainstays. ICEA described the shift as a "landmark development" under the government’s Make in India campaign.
“Crossing ₹2 lakh crore in smartphone exports marks a strategic inflection point,” said ICEA Chairman Pankaj Mohindroo. “Smartphones becoming India’s top export commodity reflects the growing strength, maturity, and global integration of our electronics sector. The PLI scheme has been central to this transformation.”
ICEA attributed the surge to the success of the Production Linked Incentive (PLI) Scheme, which has drawn significant foreign investment and scaled up India’s electronics manufacturing infrastructure.
Global players such as Apple and Samsung have deepened their production base in India, driving overall mobile phone manufacturing to an estimated ₹5,25,000 crore in FY25—up from ₹4,22,000 crore the previous year.
Despite the milestone, ICEA noted that India must overcome several hurdles to maintain its momentum, including high costs, infrastructure bottlenecks, tariff barriers, and logistics inefficiencies.
“Our priority is to further deepen our scale, drive export-led growth, and create a robust component ecosystem to support long-term leadership in the global electronics value chain,” Mohindroo said.
ICEA also underlined the impact of evolving global trade dynamics, pointing to recent reciprocal tariffs imposed by U.S. President Donald Trump. These shifts, it noted, could unlock new export avenues for Indian electronics in the U.S.
“While shifts in global trade policies present new openings, India’s ambitions are global. Our aim is to be the preferred electronics manufacturing and supply partner across all major global markets,” Mohindroo added.
The industry body reiterated its support for India’s broader goal of achieving $500 billion in electronics manufacturing and exports by 2030.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
