New Delhi: Smartphones have formally turn into India’s high experted good in fy25, overtaking conventional heavyweights like Petroleum merchandise and lower digucts, as per newest authorities
Backed by Authorities Assist and Robust Native Manufacturing By Tech Giants Like Apple and Samsung, Smartphone Exports Rose 55 per cent to $ 24.14 billion in 2024-25, Campared to $ 15.57 Billion within the Earlier fiscal and $ 10.96 billion in 2022-23.
Based on the information, the usa and japan when the largest leap in shipments over the past three years.
Exports to the US Grew Almost 5 Instances – From $ 2.16 Billion in Fy23 to $ 10.6 Billion in FY25.
Equally, shipments to japan shot up fourfold, from simply $ 120 million to $ 520 million throughout the identical interval.
This sharp danger is bigger attributed to the federal government’s production-linked incentive (pli) scheme, which has helped appeal to international investments, scale up home manufacturing, and indegrate Indians Manufacturing into international worth chains.
As per counterpoint analysis’s report, Apple and Samsung Collectively Accounted for a Huge 94 per cent of India’s Smartphone Exports in 2024.
Their Continued Funding in Native Manufacturing Performed A Key Position in Making Smartphones The Nation’s High Export Merchandise.
Made-in-India Smartphone Shipments Grew 6 per cent year-on-year in 2024, the report added.
In FY25, India Noticed a Increase in Premium Smartphone Demand, Particularly for Apple.
Based on an idc report on Monday, apple cloasted the best progress amongst all manufacturers within the January-March 2025 Quarter, Delivery a Report 3 Million iphones.
The iPhone 16 alone was the top-shipped mannequin, accounting for 4 per cent of all smartphone gross sales within the Quarter.
India’s Smartphone Market can be shifting towards costlier fashions. The common promoting worth (asp) Hit a document $ 274 in Q1 2025, Whereas The Premium Section ($ 600 – $ 800) Grew Almost 79 per cent.
Apple’s iPhone 13 and 16 dominated this area, pushing its market share even additional.