India exported smartphones worth Rs 20,300 crore in November, marking a record high for a single month. This represents a 90% increase compared to November last year when exports totaled Rs 10,600 crore. Apple led the exports, followed by Samsung, according to industry data.
The surge came as part of the government’s production-linked incentive (PLI) scheme. Apple produced $10 billion worth of iPhones in the first seven months of FY25, exporting $7 billion, the highest on record.
PLI Scheme Fuels Mobile Manufacturing Growth
Union Electronics and IT Minister Ashwini Vaishnaw highlighted the success of the PLI scheme. “Total smartphone exports from Bharat crossed $10.6 billion in 7 months,” he posted on X.
Mobile phone production in India rose from Rs 18,900 crore in 2014-15 to Rs 4.10 lakh crore in FY24. This 2,000% growth reflects the impact of the PLI scheme, as reported by the India Cellular and Electronics Association (ICEA). Experts emphasized export growth as essential to achieving the $500 billion electronics manufacturing target by FY30.
Premium Smartphones Drive Market Growth
India’s smartphone market is expected to grow by 7-8% in 2024. Demand for premium, 5G, and AI-enabled devices continues to rise, boosting the sector’s momentum.
Experts predict India could become one of the top three global smartphone exporters by 2030, with Apple and Samsung playing a crucial role in driving export growth.
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