India’s smartphones become country’s top exported good, surpassing traditional players like petroleum products, diamonds in FY25

Surpassing traditional players like petroleum products and diamonds, India’s smartphone exports surged nearly fivefold to the US and about fourfold to Japan in the past three years as the country’s top exported goods, according to government data.

The smartphone exports rose by 55 per cent to $ 24.14 billion in 2024-25 from $15.57 billion in 2023-24 and $10.96 billion in 2022-23.

In the last fiscal, the top five nations where India registered the highest growth in smartphone exports were the US, the Netherlands, Italy, Japan, and Czech Republic. India’s exports to the United States alone rose from $2.16 billion in 2022-23 to $5.57 billion in 2023-24 and $10.6 billion in 2024-25.

A significant export growth has also been registered with Japan where shipments surged from $120 million in 2022-23 to $520 million in FY25.

“This rapid ascent has propelled smartphones to become one of India’s top exported goods, overtaking traditional leaders like petroleum products and diamonds for the first time,” a commerce ministry official told PTI.

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Over the past three years, exports from the sector has experienced a healthy surge, transforming the country into a major global manufacturing and export hub, the official said. This growth is underpinned by government initiatives such as the Production-Linked Incentive (PLI) scheme, which has spurred investments, scaled up local production, and integrated India more deeply into global value chains.

Apple and Samsung accounted for nearly 94% of India’s smartphone exports in 2024, riding on continued expansion in their local manufacturing operations, according to market research firm Counterpoint’s ‘Make in India’ Service report. Shipments of Made-in-India smartphones grew 6% year-on-year in 2024, led by a surge in exports by the two global giants, the report added. Growth projection for 2025 Smartphone manufacturing in India is expected to grow in double digits in 2025, alongside increasing local value addition.

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