New Delhi, April 11 -- India's mobile phone exports have reached a record-breaking Rs.2,00,000 crore in the financial year 2024-25, marking a 55% rise from Rs.1,29,000 crore in FY24, Moneycontrol reported, citing data from the India Cellular and Electronics Association (ICEA).

Smartphones have now become the country's leading export commodity, surpassing petroleum products and diamonds-long considered export mainstays. ICEA described the shift as a "landmark development" under the government's Make in India campaign.

ICEA attributed the surge to the success of the Production Linked Incentive (PLI) Scheme, which has drawn significant foreign investment and scaled up India's electronics manufacturing infrastructure.

Despite the milestone...