India’s smartphone exports have seen a remarkable rise in recent years, surpassing long-established export sectors such as petroleum products and diamonds. According to government data, smartphone shipments to countries like the United States and Japan have increased sharply over the past three years, positioning smartphones as one of India’s top exported goods.
Export Growth Figures
Smartphone exports surged by 55% to reach $24.14 billion in the fiscal year 2024-25, up from $15.57 billion in 2023-24 and $10.96 billion in 2022-23. The United States remains the largest market for Indian smartphones, with exports growing from $2.16 billion in 2022-23 to $10.6 billion in 2024-25. Japan also recorded a significant increase, with exports rising from $120 million in 2022-23 to $520 million in 2024-25.
Top Export Markets
In addition to the US and Japan, other key countries showing strong growth in smartphone imports from India include the Netherlands, Italy, and the Czech Republic. This diverse demand reflects India’s growing role as a global manufacturing and export hub for smartphones.
Role of Government Initiatives
The rapid export growth is supported by government policies like the Production Linked Incentive (PLI) scheme. This program has encouraged investments, boosted local manufacturing capacity, and strengthened India’s integration into the global electronics supply chain.
Major Players Driving Export Growth
Apple and Samsung are the dominant players, accounting for nearly 94% of India’s smartphone exports in 2024. Both companies have expanded their manufacturing operations in India, leading to a 6% year-on-year growth in shipments of Made-in-India smartphones, as reported by Counterpoint Research.
Future Outlook
The smartphone manufacturing sector in India is projected to continue growing at a double-digit rate in 2025, with an increasing focus on adding more local value. This growth trajectory signals India’s rising importance in the global electronics market.
