India’s smartphone exports surge 127 times in a decade to ₹2 lakh crore: Govt

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Smartphone export has increased 127 times in the last decade, touching a value of ₹2 lakh crore in 2024–25, up from ₹1,500 crore in 2014-15.

Electronics has now emerged as India’s third-largest and fastest-growing export category in 2024–25, up from the seventh position in 2021–22, driven mainly by an increase in smartphone manufacturing. The government said the sector is on track to become the country’s second-largest exported item.

The first five months of 2025–26 alone saw a 55% year-on-year rise in smartphone exports, touching ₹1…



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India’s smartphone exports surge 127 times in a decade to ₹2 lakh crore: Govt


Smartphone export has increased 127 times in the last decade, touching a value of ₹2 lakh crore in 2024–25, up from ₹1,500 crore in 2014-15.

Electronics has now emerged as India’s third-largest and fastest-growing export category in 2024–25, up from the seventh position in 2021–22, driven mainly by an increase in smartphone manufacturing. The government said the sector is on track to become the country’s second-largest exported item.

The first five months of 2025–26 alone saw a 55% year-on-year rise in smartphone exports, touching ₹1…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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