India's electronics hardware exports jump over 30 pc to $38.5 billion in 2024-25

NEW DELHI: India’s electronics hardware exports recorded a substantial growth in 2024-25, increasing by 32.47 per cent year-on-year (YoY) to reach $38.58 billion, according to the report released on Wednesday.

The report from the Electronics and Computer Software Export Promotion Council (ESC) said that the exports stood at $29.12 billion in 2023-24, reflecting a sharp increase driven largely by telecom equipment, particularly smartphones.

Smartphone exports alone rose to an estimated $24.14 billion in 2024-25 from $15.57 billion in the previous year, making it the largest component of India’s electronics hardware export basket.

Moreover, the United States remained the top destination, accounting for 44 per cent of India’s smartphone exports, followed by the United Arab Emirates (11 per cent), the Netherlands (9 per cent), the United Kingdom (6 per cent) and Italy (5 per cent).