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Gulf conflict risks wiping out $3 bn mobile phone exports
Mint Hyderabad
|March 14, 2026
India’s rising mobile phone exports, which generated $11 billion in revenue in the first six months of this fiscal, are likely to take a multi-billion dollar hit from a prolonged impact of the Iran war on consumption, imports and freight transit in the Gulf region.
Apr to Sep 2025 saw $11 bn of phones exported.
(BLOOMBERG)
India’s rising mobile phone exports, which generated $11 billion in revenue in the first six months of this fiscal, are likely to take a multi-billion dollar hit from a prolonged impact of the Iran war on consumption, imports and freight transit in the Gulf region.
Executives, analysts and brokerage firms estimate a loss of $2-3 billion on India’s electronics exports, largely because electronics manufacturing services (EMS) firms export a size-able quantity of mobile phones to the Gulf area.
This story is from the March 14, 2026 edition of Mint Hyderabad.
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