Smartphones Overtake Oil, Diamonds To Grow to be India’s High Export In FY25 | Know-how Information

New Delhi: Smartphones have formally turn out to be India’s high exported good in FY25, overtaking conventional heavyweights like petroleum merchandise and reduce diamonds, as per newest authorities figures. 

Backed by authorities help and robust native manufacturing by tech giants like Apple and Samsung, smartphone exports rose 55 per cent to $24.14 billion in 2024-25, in comparison with $15.57 billion within the earlier fiscal and $10.96 billion in 2022-23.

In accordance with the info, america and Japan noticed the largest leap in shipments over the past three years.

Exports to the US grew practically 5 occasions — from $2.16 billion in FY23 to $10.6 billion in FY25.

Equally, shipments to Japan shot up fourfold, from simply $120 million to $520 million throughout the identical interval.

This sharp rise is essentially attributed to the federal government’s Manufacturing-Linked Incentive (PLI) scheme, which has helped appeal to international investments, scale up home manufacturing, and combine Indian manufacturing into international worth chains.

As per Counterpoint Analysis’s report, Apple and Samsung collectively accounted for a large 94 per cent of India’s smartphone exports in 2024.

Their continued funding in native manufacturing performed a key position in making smartphones the nation’s high export merchandise.

Made-in-India smartphone shipments grew 6 per cent year-on-year in 2024, the report added.

In FY25, India noticed a growth in premium smartphone demand, particularly for Apple.

In accordance with an IDC report on Monday, Apple clocked the very best development amongst all manufacturers within the January-March 2025 quarter, delivery a report 3 million iPhones.

The iPhone 16 alone was the top-shipped mannequin, accounting for 4 per cent of all smartphone gross sales within the quarter.

India’s smartphone market can be shifting towards dearer fashions. The common promoting worth (ASP) hit a report $274 in Q1 2025, whereas the premium section ($600–$800) grew practically 79 per cent.

Apple’s iPhone 13 and 16 dominated this house, pushing its market share even additional.