India's smartphone export rises 23.4 per cent to USD 9.84 billion during Q1FY27

Representational Image. File pic.

India's smartphone exports touched a record high of nearly USD 10 billion in the first quarter of FY27, driven by Apple iPhone shipments, according to the latest data.

Smartphone exports by value rose 23.4 per cent to USD 9.84 billion during April-June, compared to USD 7.97 billion in the corresponding period of the previous fiscal.

Moreover, the US remained by far the largest market for India's smartphone exports during the quarter which showed strong demand for India-manufactured devices.

However, the performance also boosted the country's overall electronics exports, with smartphones accounting for 64.8 per cent of total electronics goods exports of USD 15.2 billion during the April-June period.

The latest figures came after the strong momentum witnessed in recent years.

According to a report, shipments of 'Made in India' smartphones grew 8 per cent in 2025, driven by a 28 per cent jump in exports, while exports accounted for nearly one-third of all smartphones manufactured in the country.

Apple's manufacturing partners have remained the biggest drivers of this growth. Foxconn Hon Hai recorded a 48 per cent year-on-year rise in exports in 2025 on the back of strong iPhone shipments, Samsung also increased its export contribution, registering 4 per cent growth.

Earlier this year, India's iPhone exports reached a record Rs 2 lakh crore in FY26, making Apple the country's single largest branded exporter across all product categories.

Overall smartphone exports from India stood at around Rs 2.6 trillion (USD 29.4 billion) during the fiscal, with iPhones contributing more than 75 per cent (about USD 22 billion) of the total.

The rapid expansion has been supported by the government's production-linked incentive (PLI) scheme, along with reforms in special economic zones (SEZs), higher budgetary support for electronics manufacturing and recent foreign direct investment (FDI) relaxations aimed at strengthening India's position as a global manufacturing hub.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.