Smartphone exports beat estimates, cross $21 billion in FY25 so far

Mobile phone exports from India crossed ₹1.75 trillion ($21 billion) in the first 11 months of 2024-25 (FY25)—higher than the projection of Minister for Electronics and Information Technology Ashwini Vaishnaw, who had estimated exports would touch $20 billion, with one month still to go.

- SURAJEET DAS GUPTA

This figure is 54 per cent higher than smartphone exports in the first 11 months of the previous financial year, according to the India Cellular & Electronics Association.

Independent estimates, based on data provided by Apple Inc. vendors to state and central governments, put Apple Inc. as the largest contributor, accounting for ₹1.25 trillion. iPhone exports made up nearly 70 per cent of total smartphone exports in this period.