Smartphone exports to top Rs 1.70 lakh crore, rise 31%

India’s smartphone exports are set to cross Rs 1.70 lakh crore in the current financial year – a rise of 31% from Rs 1.29 lakh crore in FY24. Around 70% of the shipments are made up of iPhones. Products of Samsung and domestic contract manufacturer Padget Electronics (Dixon) and a small amount of merchandise exports make up the balance 30%.