Apple iPhone Exports from India Crosses ₹1 Lakh Crore in FY2025
In a significant milestone for India’s electronics manufacturing sector, Apple iPhone exports from the country have crossed the ₹1 lakh crore mark in FY2025. This achievement is a testament to the government’s efforts to boost domestic manufacturing and the company’s strategic partnerships with local players. Between April 2024 and January 2025, iPhone exports from India surged by 31% to ₹76,000 crore, with a whopping ₹19,000 crore in exports recorded in January alone.
Apple’s decision to manufacture iPhones in India was a significant turning point for the country’s electronics sector. The company’s partnership with Foxconn, Tata Electronics, and Pegatron under the Production-Linked Incentive (PLI) scheme has been instrumental in driving growth. The PLI scheme, launched by the government in 2020, offers incentives to companies that invest in domestic manufacturing and increase their production capacity.
The growth in iPhone exports from India is a result of the company’s efforts to diversify its manufacturing base away from China. Apple has been facing increasing pressure to reduce its reliance on China due to trade tensions, supply chain disruptions, and rising labor costs. India, with its large consumer market and skilled workforce, has emerged as a attractive alternative for the company.
The iPhone manufacturing facility in India, operated by Foxconn, has been a major contributor to the country’s electronics exports. The facility, which was set up in 2017, has been expanded several times to meet growing demand. In addition to Foxconn, Tata Electronics and Pegatron have also set up manufacturing facilities in India to produce iPhones.
The growth in iPhone exports from India has also created a significant number of jobs in the manufacturing sector. According to industry estimates, the production of iPhones in India has created around 1 lakh jobs, both directly and indirectly. This has had a positive impact on the local economy, with workers earning a decent income and contributing to the growth of the domestic market.
The success of iPhone manufacturing in India has also encouraged other electronics companies to invest in the country. Companies such as Samsung, Xiaomi, and Vivo have already set up manufacturing facilities in India, and others are planning to do so. This has led to a surge in electronics exports from India, with the country emerging as a major player in the global electronics market.
The growth in iPhone exports from India is also a testament to the country’s capabilities in electronics manufacturing. India has been emerging as a significant player in the global electronics supply chain, with companies such as Wistron, Flextronics, and Celestica setting up manufacturing facilities in the country.
The success of iPhone manufacturing in India has also led to a change in the country’s electronics import dependence. India has traditionally been a significant importer of electronics, with a large portion of its demand met by imports from China. However, with the growth in domestic manufacturing, the country’s import dependence is declining. This has led to a significant reduction in the country’s trade deficit, which has had a positive impact on the economy.
In conclusion, Apple’s decision to manufacture iPhones in India has been a significant milestone for the country’s electronics sector. The growth in iPhone exports from India has created a large number of jobs, boosted local economic growth, and reduced the country’s import dependence. The success of iPhone manufacturing in India is a testament to the country’s capabilities in electronics manufacturing and its emergence as a major player in the global electronics market.
Source: https://trak.in/stories/apple-iphone-export-from-india-crosses-rs-1-trillion/
