New Delhi, April 8 -- India's smartphone exports have reached a historic milestone, crossing Rs 2 lakh crore in the previous fiscal year 2024-25, announced Ashwini Vaishnaw, Minister of Electronics and Information Technology, during a press conference here on Tuesday.

"Smartphone exports have achieved a new record of Rs 2 lakh crore, making mobile phones among the top exported goods from India," said Vaishnaw. "This represents a 54% growth over the fiscal year 2023-24, with iPhone exports alone accounting for approximately Rs 1.5 lakh crore."

The minister highlighted the remarkable growth trajectory of India's electronics sector over the past decade. "Electronics manufacturing has increased more than fivefold, while electronics exports ...