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India's Electronics Exports Surge 32% to $38.5 Billion, Led by Smartphones

India's electronics hardware exports witnessed robust growth of over 32% in 2024-25, reaching $38.58 billion. This surge was primarily driven by telecom equipment, especially smartphones, whose exports climbed to an estimated $24.14 billion. The United States remained the largest market, accounting for 44% of India's smartphone exports. Regionally, North America and Europe were the top destinations, while Tamil Nadu emerged as the leading exporting state.

Key Points: India Electronics Exports Hit $38.5B, Smartphones Drive Growth

  • Exports grew 32.47% to $38.58B
  • Smartphone exports hit $24.14B
  • US is top destination with 44% share
  • Tamil Nadu leads states with $15B exports
2 min read

India's electronics hardware exports jump over 30 pc to $38.5 billion in 2024-25

India's electronics hardware exports jumped over 30% to $38.58 billion in FY25. Smartphone exports soared, with the US as the top destination.

"The momentum in hardware exports has been remarkable - Gurmeet Singh, ESC"

New Delhi, March 17

India's electronics hardware exports recorded a substantial growth in 2024-25, increasing by 32.47 per cent year-on-year to reach $38.58 billion, according to the report released on Wednesday.

The report from the Electronics and Computer Software Export Promotion Council (ESC) said that the exports stood at $29.12 billion in 2023-24, reflecting a sharp increase driven largely by telecom equipment, particularly smartphones.

Smartphone exports alone rose to an estimated $24.14 billion in 2024-25 from $15.57 billion in the previous year, making it the largest component of India's electronics hardware export basket.

Moreover, the United States remained the top destination, accounting for 44 per cent of India's smartphone exports, followed by the United Arab Emirates (11 per cent), the Netherlands (9 per cent), the United Kingdom (6 per cent) and Italy (5 per cent).

Region-wise, North America emerged as the largest destination with exports worth $14.70 billion, followed by Europe at $11.45 billion.

Veer Sagar, Chairman of ESC, said initiatives under the Bharat Tech banner are helping Indian companies expand into emerging markets such as Africa, Latin America, CIS, ASEAN and SAARC, while strengthening presence in established regions like North America and Europe.

Gurmeet Singh, Executive Director at ESC, said the momentum in hardware exports has been "remarkable", with telecom equipment, led by smartphones, acting as the key growth driver.

Meanwhile, exports to Russia and CIS countries more than tripled to $1.10 billion, while the Middle East accounted for $5.20 billion.

"Shipments to the Far East, Korea and Japan grew 48.56 per cent to $1.75 billion," according to the report.

Among states, Tamil Nadu led with exports worth $15 billion in 2024-25, followed by Karnataka ($7.85 billion), Uttar Pradesh ($5.30 billion), Maharashtra ($3.60 billion), Gujarat ($2.80 billion) and Delhi ($1 billion).

The data from the report has indicated that India's electronics manufacturing and export base is expanding beyond traditional clusters, with growth now spread across multiple regions.

- IANS

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Reader Comments

R
Rohit P
$38.5 billion is impressive, but we must be cautious. A huge chunk is just smartphones assembled here. Are we moving up the value chain into semiconductors and core components? That's the real test.
A
Aman W
Great to see UP and Gujarat in the top 5! Manufacturing is spreading beyond just the southern states. This balanced regional growth is key for the country's overall development. 👍
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Sarah B
As someone in the tech industry, this data is encouraging. The tripling of exports to Russia/CIS and growth in Far East markets shows Indian companies are becoming globally competitive. The 'Bharat Tech' push seems strategic.
K
Karthik V
ज़बरदस्त! The US taking 44% of our smartphone exports is a big deal. It means our quality meets global standards. Now we need our own Indian brands to capture a share of that pie, not just be the factory for foreign brands.
N
Nikhil C
While the numbers are good, I hope the benefits are reaching the workers on the ground. We need to ensure these jobs have good wages and working conditions. Growth should be inclusive.

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