India's smartphone exports increase 54% in FY2024-25

India's smartphone exports reached over Rs 1.75 lakh crore ($21 billion) in the first 11 months of FY2024-25, marking a 54% increase from the same period last year. This surge is attributed to the government's production-linked incentive (PLI) scheme. The PLI scheme has significantly boosted mobile phone production, rising from 60 million units in 2014-15 to 330 million in 2023-24. Domestic production now meets 99% of local demand, reducing reliance on imports. Apple's supply chain contributed around 70% of exports, with major increases from Foxconn and Tata Electronics. Samsung accounted for about 20% of total exports. The PLI scheme has attracted over Rs 10,213 crore in investments and created more than 137,000 jobs.