Overview
- India’s smartphone exports rose to $7.72 billion in Q1 FY26, up 58% year-on-year.
- Apple’s iPhone shipments of $6 billion accounted for 78% of all smartphone exports during the quarter.
- The PLI programme helped boost smartphone exports from $3.1 billion in FY21 to $24.1 billion in FY25.
- India’s electronics exports reached $12.4 billion in Q1 FY26 with smartphones accounting for 62% of the total.
- A US Section 232 investigation examining national security grounds could disrupt global smartphone supply chains if tariffs are imposed.