New Delhi: India’s smartphone exports recorded a growth of 55% year-on-year to $24.14 billion in the last financial year. As per data, smartphone exports from India have been growing 40-50% a year for the past three years. It has e now overtaken traditional sectors like diamonds, apparel and rice.
It was in 2022-23 that the government started reporting smartphone export numbers outside of overall electronics exports. That year the exports of these phones was $ $10.96 billion. In the financial year 2022-23, India’s smartphone exports stood at $11 billion, which then soared to $15.6 billion in 2023-24, marking a 42% year-on-year increase. The momentum continued into FY2024-25, with exports surpassing $24 billion – a 55% jump over the previous year. In FY25,.
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The top five nations where India registered the highest growth in smartphone exports were the United States, Netherlands, Italy, Japan, and Czech Republic. Exports to the US alone improved from $2.2 billion in FY23 to $10.6 billion in FY25. In the last financial year alone smartphone exports to US grew 89.65%.
A significant export growth of 530% was registered with Japan in FY25 where exports surged from $0.08 billion in FY24 to $1.2 billion in FY25.
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