India’s smartphone export industry continues to grow rapidly, with shipments to the United States reaching US$ 1.47 billion in October 2025, more than three times the US$ 0.46 billion recorded in October 2024. The surge highlights India’s expanding role in the global smartphone supply chain.
Export Performance: U.S. Market
| Month/Period | Value (US$ Billion) | YoY Growth |
| October 2024 | 0.46 | – |
| October 2025 | 1.47 | ~3× increase |
| April–October 2024 | 3.60 | – |
| April–October 2025 | 10.78 | ~3× increase |
Exports to the U.S. accounted for a significant portion of India’s high-value smartphone shipments, supported by an expanding domestic manufacturing ecosystem.
Overall India Smartphone Exports (April–October 2025)
| Period | Value (₹ Crore) | Value (US$ Billion) | YoY Growth |
| April–October 2024 | 88,500 | 10.68 | – |
| April–October 2025 | 1,32,385 | 15.95 | 49.35% |
The figures show consistent growth in both monthly and cumulative shipments, signaling robust export performance.
Growth Drivers
Key factors behind the growth of India’s smartphone exports include:
- Production-Linked Incentive (PLI) Scheme: Supports expansion of manufacturing capacity for leading Indian smartphone manufacturers.
- Strengthened supply chain: Enhanced connectivity with international technology supply chains.
- Rising global demand: India’s competitive manufacturing ecosystem attracts international buyers.
Industry Implications
- India is emerging as a major global hub for smartphone manufacturing and exports.
- Expansion of domestic manufacturing capacity is increasing competitiveness in global electronics supply chains.
- The growing supplier base and manufacturing ecosystem underpin continued export growth.
The data underscores India’s accelerating presence in the high-value smartphone export market, with both domestic policy support and global demand contributing to sustained growth.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.
