India has firmly established itself as a powerhouse in the global smartphone market, achieving the status of the third-largest exporter of smartphones to the United States.

The nation witnessed a remarkable increase in its smartphone exports, reaching a total of $3.53 billion from April to December in the current fiscal year, according to figures released by the Commerce Ministry.

This significant surge in exports has catapulted India's share of the smartphone market in the US to 7.76% within the same timeframe, up from a mere 2% in the previous year, marking a substantial growth trajectory.

This elevation to the third position amongst smartphone exporters to the US market is attributed to a substantial uptick in India's overall smartphone production capabilities.

Conversely, both China and Vietnam have observed a decrease in their percentages of smartphone exports to the United States during this period.

Despite the decline in smartphone imports from the US' top five suppliers—from $49.1 billion in FY'23 to $45.1 billion from April to December—the dynamics within the export market have seen notable shifts.

India's prominence as a central hub for smartphone production has been significantly bolstered by the adoption of the Product Linked Incentives (PLI) scheme and the strategic involvement of Apple, a major US-based iPhone manufacturer, in India's manufacturing sector.