How Did India's Smartphone Exports Surge to $13.4 Billion in H1FY26?
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Synopsis
India's smartphone exports have skyrocketed to $13.4 billion in the first half of FY26, driven by strong iPhone demand and strategic policies. With a notable 59 percent increase, this growth reflects a robust performance despite global market challenges. What factors are fueling this remarkable rise in exports? Discover the insights and projections.
Key Takeaways
- Smartphone exports reached $13.4 billion in the first half of FY26.
- Apple's iPhone exports played a crucial role, contributing over 75% of total shipments.
- Exports to the US saw an 87% increase compared to last year.
- The PLI scheme is vital for sustaining growth in smartphone production.
- Future export growth depends on policy continuity and international trade negotiations.
New Delhi, Oct 9 (NationPress) India's smartphone exports have reached $13.4 billion during the first half of FY26 (April to September), reflecting a remarkable 59 percent increase from last year's $8.5 billion, as per industry reports.
This surge is largely driven by iPhone production under the PLI scheme, which aims to alleviate India's cost disadvantages. Apple's iPhone exports approximated $10 billion, representing over 75 percent of shipments in the first half.
In September alone, a threefold rise in smartphone exports to the US elevated total exports to $1.7 billion, marking the highest monthly growth in comparison to FY25. Exports in September were up by 87 percent from $923 million exported in September 2024.
Smartphone exports to the US increased from $258 million in September last year to a record $900 million last month, with the US contributing 52.3 percent of total smartphone exports.
The India Cellular and Electronics Association noted that August and September are generally among the slowest export months due to impending product launches and scheduled machinery upgrades. Consumers globally often postpone purchases during this timeframe, anticipating new models and discounts on older versions. Exports are typically expected to rebound by mid-October, according to the industry association.
The PLI scheme for Apple concludes in March 2026, while it has already ceased for Samsung in FY25. Consequently, Samsung's smartphone exports declined in H1FY26 compared to the same timeframe last year.
Despite challenges like the US administration's 50 percent tariffs, which exclude smartphones, electronics—especially smartphones—have emerged as a notable bright spot for Indian exports this year.
Additionally, Apple’s suppliers are expanding their production capabilities in India, with two new iPhone assembly facilities recently commencing operations. This aligns with robust domestic sales of the new iPhone 17.
Nonetheless, industry experts caution that sustaining the current export momentum hinges on policy stability, the results of US–China trade discussions, and potential tariff modifications.
Point of View
I emphasize that while India's surge in smartphone exports signifies a thriving electronics sector, it is crucial to monitor the sustainability of this growth. The interplay of global trade dynamics and domestic policies will be decisive in shaping the future of our export landscape.
NationPress
09/10/2025
Frequently Asked Questions
What is the total amount of India's smartphone exports in H1FY26?
India's smartphone exports reached $13.4 billion in the first half of FY26.
What factors contributed to the increase in smartphone exports?
The increase is largely attributed to iPhone production under the PLI scheme and robust demand, especially from the US market.
How much did Apple's iPhone exports contribute to overall smartphone exports?
Apple's iPhone exports accounted for approximately $10 billion, which is over 75 percent of total shipments.
What are the projections for smartphone exports in the coming months?
Exports are expected to pick up by mid-October, following the typical seasonal trends.
How do tariffs affect India's smartphone exports?
Despite the US administration's 50 percent tariffs on many products, smartphones are excluded, benefiting India's export dynamics.
