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Apple Exported iPhones Worth INR 1.5 Lakh Cr From India In FY25: Vaishnaw

  • Apple exported iPhones worth over INR 1.5 Lakh Cr ($17.32 Bn) from India in FY25, marking a 76% YoY jump and doubling its committed target under the PLI scheme.
  • In the calendar year 2024, Apple's iPhone exports from India reached a record $12.8 Bn (around INR 1.08 Lakh Cr).
  • FY25 witnessed the highest ever INR 2 Lakh Cr smartphone exports, translating to a 54% increase from the previous fiscal year.
  • India is projected to contribute 17-18% of global iPhone production volume and 14% of its value by the end of the fiscal year.

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