India’s smartphone industry has witnessed unprecedented growth, with exports reaching record levels, largely due to the government’s Production-Linked Incentive (PLI) scheme. This policy initiative has significantly boosted domestic manufacturing and global competitiveness.
Key Data on India’s Smartphone Exports
| Aspect | Details |
|---|---|
| Record Exports | Rs 1.55 trillion during April-January period, marking substantial growth. |
| Growth Rate | 56% increase from Rs 991.2 billion in the same period of FY24. |
| Monthly Export Surge | January 2025 recorded Rs 250 billion in exports, up 140% from January 2024. |
| Apple’s Contribution | 70% of total exports, with Foxconn (Tamil Nadu) contributing ~50%. |
| Export Composition | Foxconn: 50%, Tata Electronics: 22%, Pegatron: 12%, Samsung: 20%. |
| Future Projections | Expected to reach $20 billion (Rs 1.68 trillion) in FY25. |
| Historical Growth | Ranked 67th among India’s exports a decade ago; now the 2nd-largest export. |
| PLI Scheme Impact | Exports grew from Rs 233.9 billion in FY21 to Rs 1.31 trillion in FY24. |
| Job Creation | Over 17,800 direct jobs created in telecom equipment production. |
The Role of the PLI Scheme
The Indian government’s PLI scheme has played a crucial role in driving smartphone exports by incentivizing local production. Companies like Apple and Samsung have capitalized on these benefits, leading to significant increases in export volumes and global market penetration.
Future Outlook
With an export target of $20 billion in FY25, India is poised to solidify its position as a major global smartphone manufacturing hub. Continued investment, policy support, and skill development will further boost the sector’s expansion and job creation.
This remarkable growth underscores India’s emergence as a key player in the international smartphone supply chain, paving the way for increased foreign investments and technological advancements in the industry.
Glottis Limited 
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