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India’s mobile phone manufacturing industry has skyrocketed, reaching ₹4.1 lakh crore ($49B) in FY24—a 21x growth since 2014.
What’s Driving This Growth?
1. PLI Scheme
Incentivizes manufacturers with 3%-5% on incremental sales, boosting local production.
2. Phased Manufacturing Programme (PMP)
Encourages domestic mobile production, creating a robust ecosystem.
3. Policy Support
Favorable government policies and cross-ministry collaboration make India a top choice for electronics manufacturing.
Production & Exports
- 97% of mobile demand is met locally in FY24.
- Exports to hit ₹1.2 lakh crore, a 7,500% increase since 2014.
- Over 2.5 billion phones produced since 2014, making India the 2nd largest mobile producer globally.
Big Players
Apple and Samsung lead the charge, boosting jobs and exports to Europe and North Africa.
India’s mobile manufacturing sector shows no signs of slowing down. The government’s focus on investment and local capacity will drive further growth.
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