Current Affairs - Economy - Discussion

India’s smartphone exports to the United States surged by 148% year-on-year in August 2025, according to the India Cellular and Electronics Association (ICEA). Exports to the US rose from USD 388 million in August 2024 to USD 965 million in August 2025, showcasing the sector’s robust performance under the Production-Linked Incentive (PLI) scheme. Despite some reports suggesting a slowdown, ICEA clarified that the growth demonstrates resilience in India’s smartphone export ecosystem, driven by high-volume production, strategic partnerships with global manufacturers, and seasonal factors that typically influence monthly shipment trends. This growth reinforces India’s rising prominence in global smartphone exports.