April 8, 2025 3:59 PM

PLI boost: India’s smartphone exports cross Rs 2 lakh crore for 1st time in FY25

India's smartphone exports reached a new milestone in the financial year 2024–25 (FY25), surpassing ₹2 lakh crore for the first time, Union Minister for Electronics and IT, Ashwini Vaishnaw, announced on Tuesday. In a post on X, the minister described it as yet another record-breaking achievement under the government’s Production-Linked Incentive (PLI) scheme. According to Vaishnaw, smartphone exports rose by 54% compared to the previous financial year, as global value chains (GVCs) cont...