A triumphant year for Indian manufacturing: Electronics exports shattered records in 2025, crossing $47 billion—₹4.15 lakh crore—for the first time, boasting a robust 37% growth over 2024’s $34.93 billion. The Production-Linked Incentive (PLI) program deserves much credit, particularly in skyrocketing smartphone shipments.
Smartphones formed the backbone, contributing about $30 billion or two-thirds of total exports. This segment hit an all-time peak, with December figures at $4.17 billion, up 16.8% from December 2024. Notably, seven months in 2025 surpassed the $4 billion mark, reflecting unwavering international appetite.
Looking back, 2025 smartphone exports equaled 38% of the five-year total from 2021, aggregating $79.03 billion. Apple’s iPhones led with a 75% portion exceeding $22 billion. iPhone exports from India alone breached ₹2 lakh crore, surging 85% from 2024.
Electronics production soared to ₹11.3 lakh crore in 2024-25. Minister Ashwini Vaishnaw anticipates accelerated growth in 2026, driven by four operational semiconductor facilities. India has cemented its status as the second-largest global mobile producer, manufacturing 99% of phones sold domestically.
With the PLI scheme for smartphones winding down in March 2026, policymakers are exploring prolongations to keep the export engine roaring.