India has emerged as a major player in the global smartphone export market, achieving remarkable growth in recent years. Here’s a detailed look at this success story:
Significant Growth
India has advanced from being the 23rd largest smartphone exporter in 2019 to becoming the 3rd largest in 2024. This leap reflects the country’s focus on scaling up local manufacturing capabilities and competing in global markets.
Record Exports
In November 2024, India crossed a historic milestone by exporting smartphones worth over ₹20,000 crore in a single month, showcasing the sector’s growing strength.
Key Drivers of Growth
The rise in smartphone exports is primarily driven by the Production-Linked Incentive (PLI) scheme, a government initiative aimed at:
- Enhancing local manufacturing.
- Reducing dependency on imports.
- Creating a globally competitive manufacturing ecosystem.
Economic Targets and Impact
India has ambitious targets for the financial year 2024-25, aiming to export 70-75% of the total smartphone production value. This growth contributes to the economy through:
- Job Creation: Increased manufacturing jobs across the country.
- Trade Balance: Reduction in trade deficits.
- Foreign Exchange: Boost to reserves through export earnings.
Future Aspirations
India is focused on maintaining its momentum with plans to:
- Invest in advanced technology and infrastructure.
- Prioritize innovation and competitive pricing.
- Strengthen its position as a global leader in smartphone exports.
Key Data Summary
| Category | Details |
|---|---|
| Global Ranking | Moved from 23rd (2019) to 3rd (2024) in smartphone exports. |
| Monthly Export Milestone | Exceeded ₹20,000 crore in November 2024. |
| PLI Scheme Impact | Increased local manufacturing, reduced import dependency. |
| Export Target (2024-25) | 70-75% of total smartphone production value. |
| Economic Benefits | Job creation, improved trade balance, increased foreign exchange reserves. |
| Future Goals | Investment in technology, innovation, and competitive pricing. |
India’s smartphone export journey reflects a combination of strategic policymaking and industry efforts. With ambitious goals and continued government support, the country is poised for even greater achievements in the global market.
Glottis Limited 
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