Smartphones now top the list of exports from India. Currently, Indian-made smartphones are appearing in the global market. Smartphone exports from India to various parts of the world have increased significantly. This growth has multiplied in the last few years. This shows how much demand there is for Indian made smartphones all over the world
The world is now relying on Indian made smartphones. Last fiscal year, from April to November, exports of Indian-made smartphones generated around $1.88 billion. Revenue was $9.7 billion in the same period of the previous fiscal year. However, if you calculate the entire fiscal year 2024-25, exports of Indian-made smartphones have earned Rs 2.6 lakh crore this year. In FY 2014-15, the amount was around Rs.160 crore.
Given the growing demand for Indian smartphones in the global market, experts feel that more smartphones will have to be produced than the demand in the coming days. In fact, the US market is the main reason behind the increase in exports of Indian-made smartphones. Exports of Indian-made smartphones to the US have grown by more than 200 percent in the past year. According to reports, more than two-thirds of smartphone exports from India go to the US alone. The iPhone, especially made in India, has gained a niche in the US and other countries.
According to the report, the popularity of Indian-made smartphones is increasing in China as well as in the US. A huge number of smartphones go from India to China every year. Indian smartphones are also in high demand in Portugal, Spain, UAE, Vietnam, South Korea, Latvia, Israel and neighboring Bangladesh. Experts claim that if the demand for Indian smartphones continues to grow, India may overtake the top smartphone exporters, especially China, in the coming days.