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Apple iPhone Exports From India Soar to Record $13.2 Billion, Driving India's Electronics Growth
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News18•30-09-2026, 09:14
Apple iPhone Exports From India Soar to Record $13.2 Billion, Driving India's Electronics Growth
- •Apple exported $13.2 billion worth of iPhones from India in the first five months of this financial year, a 47% increase year-on-year.
- •iPhone exports accounted for approximately half of India's total electronic shipments and 82% of smartphone exports during the period.
- •Overall smartphone exports climbed 36% year-on-year to $15.96 billion, with iPhones contributing nearly 98% of this additional growth.
- •Apple's strong performance is attributed to the Central Government’s new Mobile Phone Manufacturing Scheme (MPMS), which replaced the earlier production-linked incentive (PLI) program.
- •The MPMS aims to enhance global competitiveness, deepen the mobile manufacturing supply chain through higher Domestic Value Addition (DVA), and strengthen domestic manufacturing capabilities, making smartphones India's top-ranked export.
Key Questions Answered
Apple exported USD 13.2 billion worth of iPhones from India in the first five months of the financial year, marking a 47% increase compared to the previous year and contributing to 82 per cent of the country's smartphone exports during that period.
Apple's strong performance is attributed to the Central Government's Mobile Phone Manufacturing Scheme (MPMS), which took effect in April and replaced the earlier production-linked incentive (PLI) programme to enhance scale and deepen the domestic supply chain.
Smartphone exports climbed approximately 36 per cent year-on-year to reach USD 15.96 billion during the April-August period, with iPhones contributing nearly 98 per cent of this additional growth.
