New Delhi: India has witnessed a significant surge in the export of Apple iPhones, contributing to electronics securing the third position among the country’s top 10 exports by the end of the first quarter (April-June) of the financial year 2024-25. Electronics now ranks just below engineering and petroleum products, showcasing its growing importance in India’s export landscape.
According to data from the Department of Commerce, electronics exports have seen a 22 percent increase, reaching $8.44 billion at the end of the first quarter of the current financial year. This marks a substantial rise from $6.94 billion in the first quarter of FY 2023-24. Prime Minister Narendra Modi expressed his satisfaction on social media platform ‘X’, highlighting the role of India’s innovative youth and the success of the ‘Make in India’ initiative in driving this growth.
Prime Minister Modi posted, “It is indeed a matter of great happiness that the power of India in electronics is being powered by our innovative youth power.” He further emphasized the impact of reforms and the focus on ‘Make in India’ in achieving this boost and expressed India’s commitment to maintaining this momentum in the future.
Electronics and Information Technology Minister Ashwini Vaishnaw also took to ‘X’ to celebrate India’s achievement, stating that products manufactured in India are now being shipped worldwide. His post was shared by Prime Minister Modi, underscoring the significance of this milestone.
The surge in electronics exports has been largely driven by the increase in Apple iPhone exports from India. Mobile exports accounted for 57 percent of total electronics exports in the first quarter of FY25, valued at $4.8 billion. Notably, iPhone exports alone reached $3.5 billion in this period, marking an increase of $900 million. This signifies that iPhone exports contributed 82 percent to the growth of mobile phone exports.
In the overall export rankings, electronics is followed by gems and jewellery and pharmaceuticals. The remarkable growth in iPhone exports highlights India’s expanding role in the global electronics market and its potential to become a major hub for high-tech manufacturing.
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