India Smartphone Exports: To reach the ambitious goal of a $5 trillion economy, the government aims for $300 billion in electronics production, including $100 billion in exports, by providing manufacturers with incentives. The government s efforts, including the Production Linked Incentive Scheme (PLI), aim to boost exports and production in the electronics industry.
To reach the ambitious goal of a $5 trillion economy, the government aims for $300 billion in electronics production, including $100 billion in exports, by providing manufacturers with incentives. The government s efforts, including the Production Linked Incentive Scheme (PLI), aim to boost exports and production in the electronics industry.
Apples iPhone led the charge in Indias booming smartphone exports, contributing significantly to a record 22.24% growth in overall electronics exports, which surpassed $20 billion in the first nine months of FY24.
A key demand of the handset industry from Budget FY25 is zero tariffs on all lines that significantly increase costs, converging them with Vietnam and China to ensure competitiveness, scale and export-led growth.
As per market trackers, Chinese firms such as Xiaomi, Oppo, Vivo and Realme together have a commanding 74% share of the Indian mobile phone market in volume terms. But their share of exports is just 4%. By value, they have 55% share of the $40 billion India smartphone market as Apple and Samsung have a dominance in the premium segment.