India’s mobile phone exports crossed Rs. 1,82,448 crore (US$ 21 billion) in the first 11 months of FY25, exceeding the projection made by Union Minister for Railways, Information and Broadcasting, and Information Technology, Ashwini Vaishnaw, who had estimated Rs. 1,73,760 crore (US$ 20 billion) in exports with one month remaining, according to a report filed by Business Standard.
This marks a 54 per cent increase compared to the same period in FY24, according to the India Cellular & Electronics Association. Independent estimates suggest Apple Inc. contributed Rs. 1,25,000 crore (US$ 14.39 billion), with iPhone exports accounting for nearly 70% of total smartphone exports, the report mentioned.
In Q1 FY25, smartphone exports reached Rs. 42,137 crore (US$ 4.85 billion), 30% higher than in Q1 FY24. By H1, exports stood at Rs. 72,979 crore (US$ 8.4 billion), up 30% from Rs. 56,472 crore (US$ 6.5 billion) in H1 of FY24. Q3 FY25 was the strongest, with exports surpassing Rs. 17,376 crore (US$ 2 billion) per month, totalling Rs. 59,078 crore (US$ 6.8 billion), the report further stated.
According to the report, in the first two months of Q4, another Rs. 48,653 crore (US$ 5.6 billion) was added, pushing the total to Rs. 1,82,448 crore (US$ 21 billion). Since October 2024, monthly exports have consistently exceeded Rs. 17,376 crore (US$ 2 billion), compared to a peak of Rs. 14,248 crore (US$ 1.64 billion) in FY23 and Rs. 16,507 crore (US$ 1.9 billion) in FY24. Apple’s vendors -Foxconn, Tata Electronics, and Pegatron – accounted for 70 per cent of exports, with the remainder led by Samsung and Indian brands.
The US and Europe remain key markets, with 50–55 per cent of exports headed to the US. Smartphones have become India’s largest export to the US by Harmonized System classification, surpassing non-industrial diamonds, the report stated.
