This 'Made in India' is now world's most exported product, leaving behind petroleum and diamonds

India's figures in terms of smartphone exports are shocking. In the financial year 2025 (financial year 2024-2025), smartphones worth $ 24.14 billion were exported from India. This is 55 percent more than the exports of $ 15.57 billion last year. According to recently released government data, most of these smartphones were sent to the US, Netherlands, Italy, Japan and the Czech Republic.

In the financial year 2024-2025, India exported smartphones worth $ 10.6 billion to the US alone. This is double the $ 5.57 billion smartphones exported to the US a year ago. Smartphone exports from India have exceeded the exports of petroleum products and diamonds. This means that India now exports more smartphones than petrochemicals and diamonds.

Besides the US, the Netherlands imported $2.2 billion worth of iPhones from India last fiscal. Similarly, $1.26 billion worth of smartphones were sent to Italy and $1.17 billion worth to the Czech Republic. Smartphone exports to Tokyo are also expected to increase from just $120 million in FY22-23 to $520 million in FY25.

Government efforts, including the Production-Linked Incentive (PLI) scheme, have led to a surge in smartphone exports in the last two fiscals. Many smartphone units have also opened in the country. Due to this, India's supply chain in this sector is strengthening and attracting more investment. Even big companies like Apple, which makes iPhones, are shifting their manufacturing base from China to India. This has increased confidence in India as a smartphone manufacturing hub, even though production costs have increased by 5-8 per cent.