India’s mobile phone exports rise 165-fold in a decade to ₹2.59 lakh crore

Government data shows mobile phone exports climbed from ₹1,500 crore in 2014-15 to ₹2.59 lakh crore in 2025-26, while domestic production reached ₹6.27 lakh crore. Expanding electronics and semiconductor capacity could improve local sourcing resilience for device retailers.

— Filed Wed, 29 Jul, 2026, 16:03 IST · Source The Hindu BusinessLine · Updated

India’s mobile exports rose 165-fold to ₹2.59 lakh crore over a decade, while production reached ₹6.27 lakh crore. The government is expanding semiconductor capacity through Semicon India and Semicon 2.0, potentially strengthening domestic electronics supply for retailers.

Why this matters

The export expansion adds a supply-chain angle to the Government of India’s proposed MSME payment and dispute overhaul and the recent fall in PSB bad loans, both of which could support supplier cash flow and trade credit.

Retail-company signals are accelerating, up +405700% QoQ.

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