Smartphones surpass oil and gems to become India’s leading export in 2025
India’s smartphone exports soar 55 per cent to US$24.14 billion
India’s export landscape underwent a major transformation in the 2024–25 financial year, with smartphones emerging for the first time as the country’s top export category, ahead of long-dominant sectors such as petroleum products and cut diamonds. This is reported by IANS, a partner of TV BRICS.
According to official government data, smartphone exports surged by 55 per cent to reach US$24.14 billion in 2025, up from US$15.57 billion in the previous fiscal year.
Experts believe that this performance was significantly bolstered by India’s Production-Linked Incentive scheme, which incentivised electronics production and enhanced the competitiveness of Indian-made goods in global markets. The initiative has helped attract investment, scale up domestic production, and position India as a strategic hub for electronics exports.
India's smartphone industry has also shown consistent growth in manufacturing volume. Made-in-India smartphone shipments rose by 6 per cent year-on-year in 2024, supported by rising demand in premium and mid-range segments across both domestic and international markets.
Photo: iStock
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