India, July 23 -- India has emerged as the world's third-largest exporter of mobile phones, clocking USD 20.5 billion in calendar year 2024, according to a study by the Centre for Development Studies (CDS).

The study highlights India's journey from being an import-dependent market in 2014-15 to a global production and export hub by 2024-25. This transformation is attributed to strategic integration into global value chains (GVCs), a pivot to an export-driven policy regime, and sustained government support, primarily through the Production Linked Incentive (PLI) Scheme introduced in 2020.

According to the CDS report, India's mobile phone exports have surged from USD 0.2 billion in 2017-18 to USD 24.1 billion in 2024-25-an increase of nea...