smart fone
In the last three years, India’s smartphone exports to the US have become five times. At the same time, exports to Japan have been four times during this period. This information has been received from government data. In this way, smartphone exports have left behind the export of petroleum products and diamonds from the country. According to the data, smartphone exports in 2024–25 rose 55 percent to $ 24.14 billion, which was $ 15.57 billion in 2023-24 and $ 10.96 billion in 2022-23.
Here are the top-5 countries
In the last financial year, America, Netherlands, Italy, Japan and Czech Republic were the top-five countries where smartphone exports have recorded the highest growth. The export of smartphones to the US alone in 2024-25 increased to $ 10.6 billion. The export of smartphones to the US was $ 2.16 billion in 2022-23 and $ 5.57 billion in 2023-24. There has also been a significant increase in exports to Japan. Exports to Japan increased from $ 120 million to $ 52 million in $ 2024-25.
Smartphone India’s highest exported product
A Commerce Ministry official said, “The smartphone has become India’s highest export product with this rapid jump.” This has left behind petroleum products and diamonds for the first time. ”The official said that the region has come up with a huge jump in the last three years, which has turned the country to a major global manufacturer and consumer center. He said that the incentive related to production (PLI) scheme has been a special contribution in this growth. While PLI has increased investment, local production has also been boosted and has helped India to connect deeper than the global price chain.
Exports to Italy and Netherlands also increased
According to the data, exports to Netherlands increased from $ 1.07 billion in 2022-23 to $ 2.2 billion in 2024-25. Similarly, exports to Italy increased from $ 72 million to $ 1.26 billion. Exports to the Czech Republic also increased from $ 65 million to $ 1.17 billion.
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