India's smartphone exports could drop 25% amid Iran conflict
India's booming smartphone exports might drop by up to 25% in the coming weeks because of the ongoing conflict in Iran, according to Nikkei Asia.
The country has become a big player in phone manufacturing, thanks to government support, and now even makes about a quarter of all iPhones.
But with trade routes through the Middle East getting tricky, companies are having to rethink how they ship devices out.
India shipped $11B phones up 55%
Even with these challenges, India shipped out about $11 billion worth of phones in just the first half of the fiscal year beginning April 2025, a huge 55% increase from the previous year.
The demand is strong and manufacturers are trying new routes and using more direct routes, but if tensions keep rising, it could slow down India's momentum as a global smartphone hub.