Modi cites ₹2.5 lakh crore in smartphone exports as Make in India manufacturing signal
PM Modi said India has moved from heavy mobile-phone imports in 2014 to smartphone exports exceeding ₹2.5 lakh crore, positioning domestic manufacturing as a base for global-scale electronics production and innovation.
What happened
PM Modi said India has shifted from importing most mobile phones in 2014 to exporting smartphones worth over ₹2.5 lakh crore, highlighting Make in India-led
Key facts
- ₹2.5 lakh crore smartphone exports
- nearly ₹2 lakh crore defence production
- around ₹40,000 crore defence exports
- 2014
Why this matters
Device brands and suppliers should assess India for deeper manufacturing, sourcing and partnership opportunities as the country strengthens its position as an electronics export hub.
What to watch
- Monthly smartphone export data by value and destination market.
- Announcements of new supplier plants for displays, camera modules, batteries, printed circuit boards and semiconductors.
- Changes to production-linked incentives, import duties and export-support policies.
- Evidence that India-made models move into premium handset categories rather than remaining concentrated in entry and mid-tier devices.
- Domestic retail pricing, inventory availability and repair-part lead times for locally manufactured smartphones.
- Trade-policy shifts in key export markets, especially the US and Europe.
- Global smartphone brands expand India production allocations and seek additional contract-manufacturing capacity.
- Electronics manufacturing services firms pursue component-supplier partnerships, industrial land and logistics capacity near existing handset clusters.
- Retailers emphasize locally made models, faster replenishment and exclusive launches as supply lead times shorten.
- Component makers evaluate Indian investments in batteries, charging accessories, camera modules, enclosures and repair parts.
- Brands diversify export destinations to reduce reliance on any single demand market and preserve factory utilization.