Smartphones top India’s export chart with record Rs 2 lakh crore shipments in FY24-25

India’s smartphone exports have reached a historic milestone, becoming the nation’s top export commodity in FY 2024-25. According to the India Cellular and Electronics Association (ICEA), mobile phone exports surged to over Rs 2 lakh crore, marking a 55% increase from Rs 1.29 lakh crore in the previous fiscal year. This exceptional growth has pushed smartphones ahead of traditional exports like petroleum products and diamonds.

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This achievement highlights the growing success of the government’s Make in India initiative, with the Production Linked Incentive (PLI) Scheme playing a pivotal role in boosting domestic electronics manufacturing. The PLI Scheme has attracted significant foreign investment and strengthened India’s position in global value chains.

Major global manufacturers, particularly Apple and Samsung, have substantially expanded their Indian production bases, driving overall mobile phone manufacturing to Rs 5.25 lakh crore, up from Rs 4.22 lakh crore in FY24.

ICEA noted that evolving global trade policies—especially reciprocal tariffs recently introduced by the U.S.—could offer fresh opportunities for Indian electronics exports, particularly to North America.

While celebrating the export boom, ICEA also underlined the need to address persistent challenges in cost competitiveness, infrastructure, and logistics to maintain momentum. The association remains committed to supporting India’s broader vision of achieving $500 billion in electronics production and exports by 2030, further solidifying its status as a global electronics hub.