iPhone exports from India hit $23 billion last year
Apple's iPhone exports from India soared to $23 billion last year, an increase from 2024.
For the first time, smartphones became India's top export, even beating out diesel fuel.
This huge leap comes from Apple and its suppliers ramping up production and shipping way more iPhones out of India.
iPhones made up nearly 75% of all smartphones exported
Nearly three-quarters of all smartphones exported from India were iPhones, helping total smartphone exports hit $30.1 billion.
Apple recorded shipments of 14 million units, contributing a large share of India's smartphone export value and volume.
A lot of this is thanks to Apple making about 25% of its iPhones in India now, with major help from Foxconn and Tata factories.
India's PLI scheme has been a game changer for Apple
India's Production-Linked Incentive (PLI) scheme has played a huge role here, helping Apple set up five factories and work with nearly 45 suppliers since 2021.
Under PLI, export value shot up massively: from ₹8,800 crore to ₹2 trillion ($23 billion) by 2025.
Heads up, though: these incentives end in March 2026, so it will be interesting to see what happens next.