Smartphone Exports Reach Record ₹2 Lakh Crore: India's smartphone exports have hit an all-time high, becoming the country's largest export item, with the sector's growth attributed to the 2020 production-linked incentive scheme:

Smartphone Exports Reach Record ₹2 Lakh Crore: India's smartphone exports have hit an all-time high, becoming the country's largest export item, with the sector's growth attributed to the 2020 production-linked incentive scheme:

Daily Current Affairs / Smartphone Exports Reach Record ₹2 Lakh Crore: India's smartphone exports have hit an all-time high, becoming the country's largest export item, with the sector's growth attributed to the 2020 production-linked incentive scheme:

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Category : Business and economics Published on: April 21 2025

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India’s mobile phone exports have soared to an unprecedented high, crossing the Rs 2,00,000 crore mark in the financial year 2024-25, according to data released by the India Cellular and Electronics Association (ICEA). This marks a significant 55% surge from Rs 1,29,000 crore recorded in FY 2023-24.
Leading the charge are global giants Apple and Samsung, which have significantly expanded their manufacturing operations in India over the past year. As a result, India’s overall mobile phone production reached an estimated Rs 5,25,000 crore in FY25, up from Rs 4,22,000 crore in the previous year.

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