India becomes world’s 3rd-largest mobile exporter at $20.5 billion: Study

In less than a decade, India has transformed itself from a heavily import-dependent mobile phone market to the world’s third-largest exporter of mobile phones, clocking exports worth USD 20.5 billion in calendar year 2024. This dramatic shift is at the heart of a new study by the Centre for Development Studies (CDS), which highlights how policy interventions and integration into global value chains have powered this rise.