New Delhi, March 17 -- India's smartphone exports reached Rs 1.75 lakh crore in the first 11 months of FY2024-25 (April-February), marking a 54 per cent increase over the same period in FY2023-24, according to the latest industry data.

This figure has already exceeded the government's full-year target of USD 20 billion, as projected by the Minister for Electronics and Information Technology (MeitY) Ashwini Vaishnaw. The data was released by the India Cellular and Electronics Association (ICEA).

India's electronics exports, led by smartphones, have been growing rapidly, supported by the government's Production-Linked Incentive (PLI) scheme.

The scheme has successfully attracted global technology giants such as Apple and its suppliers, w...