India’s mobile phone exports have reached an all-time high, surpassing the Rs 2,00,000 crore threshold in the financial year 2024-25, as reported by the India Cellular and Electronics Association (ICEA). This represents a remarkable increase of 55% compared to the Rs 1,29,000 crore reported in FY 2023-24.
In a significant milestone, smartphones have become India’s top export product, surpassing traditional frontrunners like petroleum and diamonds. The ICEA has celebrated this as a noteworthy success of the Government of India’s prominent Make in India program.
The significant increase in exports can be primarily credited to the Production Linked Incentive (PLI) Scheme, which has been instrumental in enhancing India’s electronics manufacturing landscape. This initiative has attracted considerable foreign investment and positioned India as a vital participant in the global electronics value chains.
At the forefront of this movement are major players Apple and Samsung, which have notably increased their manufacturing activities in India in the last year. Consequently, India’s total mobile phone production is projected to hit approximately Rs 5,25,000 crore in FY25, a rise from Rs 4,22,000 crore in the prior year.
