India has become the 3rd largest exporter of smartphones in the world, which was on the 23rd rank in 2019. The country’s smartphone exports have also breached the 20 thousand crore rupees mark in a single month, in November 2024, according to data submitted by companies and figures compiled from industry associations. Sharing a news article on a social media platform, Union Minister of Electronics and Information Technology Ashwini Vaishnaw lauded this achievement and termed it a ‘Making Bharat Story’.
According to industry associations’ data, the country’s smartphone exports were recorded at 20 thousand 395 crore rupees last month, representing a staggering 92 per cent increase over the same month last year, when the figure was 10 thousand 634 crore rupees. This achievement outshines the production-linked incentive (PLI) scheme commitment to export 70-75 per cent of production value in the financial year 2024-25.
