India’s mobile phone exports hit a new high in the financial year 2024-25, crossing Rs 2 lakh crore — a jump of 54% compared to the previous year. The growth is mainly driven by Apple’s iPhone, which alone contributed Rs 1.5 lakh crore in exports.
Union Minister Ashwini Vaishnaw shared this news on Tuesday and said that smartphone exports have now become one of India’s top export categories. He also predicted that India’s total electronics exports could double in the next five years.
Apart from Apple, Samsung and Motorola also export smartphones from India. However, Chinese brands like Vivo, Oppo, and Xiaomi — which are strong in the Indian market — are yet to grow big in exports.
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The minister highlighted that electronics manufacturing in India has increased more than five times over the last 10 years, and exports have gone up more than six times.
To further boost the industry, the government launched a new Component Manufacturing Scheme with an incentive of Rs 22,919 crore. This scheme aims to:
- Create 1 lakh jobs
- Increase value addition in finished electronic products from 20% to 40% over five years
There are now over 400 manufacturing units in India making various electronic components. The new scheme will run for six years starting from April 1, and will support component production for:
- Consumer electronics
- Medical devices
- Power electronics
- Automobiles
- Other tech products
Companies that invest between Rs 10 crore to Rs 1,000 crore will get incentives ranging from 1% to 10% based on their sales.
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In short, India is growing rapidly in smartphone exports, with iPhones leading the way, and the government is pushing for stronger electronics manufacturing to make the country a global tech hub.
