iPhone exports from India have grown 31% to cross ₹1 lakh crore in the first 10 months of the current financial year 2024-25. This figure was ₹76,000 crore in the same period last fiscal. This is the first time iPhone exports have crossed ₹1 lakh crore in a financial year.
New record for iPhone exports in January
iPhones worth a record ₹19,000 crore were exported in January 2025.
iPhones worth ₹14,000 crore were exported in December 2024.
iPhones worth ₹10,000 crore+ are being exported every month since October 2024.
Who all are involved in iPhone production?
Companies making iPhones for Apple –
✅ Foxconn
✅ Pegatron (now a stake in Tata Electronics)
✅ Tata Electronics
How did India benefit from the PLI scheme?
The Government of India’s Production Linked Incentive (PLI) scheme gave a tremendous boost to iPhone production and exports.
🔹 Government revenue of ₹1.10 lakh crore in exchange for incentives of ₹5,800 crore
🔹 Indian economy benefits from smartphone production of ₹12.55 lakh crore
🔹 More than 3 lakh direct jobs created
iPhone included in India’s top-2 export products
4 years ago, Apple started shifting its supply chain from China to India. The result was that India is now among the top-10 countries in terms of smartphone exports.
Smartphone export rank in 2014-15: 167th
Now: Second largest export product (after auto fuel)
Will iPhone exports grow further?
Apple is steadily increasing production in India and strengthening the local supply chain. In the coming years:
✅ iPhone 16 and new models could be manufactured in India itself.
✅ iPhone exports could reach ₹1.5 lakh crore in 2025-26.
✅ Apple is moving towards making India a global manufacturing hub.
Conclusion
iPhone production and exports in India have reached historic heights. The PLI scheme, government policies and Apple’s strategy have made India an iPhone manufacturing powerhouse. This growth may accelerate further in the coming times, allowing India to make a strong place for itself in global tech manufacturing.
Do you think India might soon overtake China in iPhone manufacturing? Share your thoughts in the comments!