Smartphone exports soar to record Rs 1.5 lakh crore

Smartphone exports from India hit Rs 1.55 lakh crore during the April-January period breaking yet another record. Coming on the back of the government’s production-linked incentive (PLI) scheme, they topped Rs 1.31 lakh crore during FY24. Moreover, January reported the highest-ever monthly exports of Rs 25,000 crore, an increase of 140% over January 2024.

The exports in the 10 months to January are 56% higher than the Rs 99,120 crore worth of smartphone exports achieved by the industry in the corresponding period of FY24.