910
2 months ago
Indian Smartphone Exports Crossed INR 1 Lakh Cr Between Apr-Aug 2025: President Murmu
Summary
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
India’s smartphone exports crossed INR 1 Lakh Cr in the first five months of FY26, President Droupadi Murmu said today, while addressing the first sitting of the Budget session FY26
Murmu said India’s electronics manufacturing has expanded rapidly over the last decade, with total electronics production increasing sixfold to INR 11 Lakh Cr
The President said India’s manufacturing sector has seen record growth over the past year, supported by rising domestic production, exports and policy-led incentives
Retaining its spot as the second largest global smartphone manufacturer, India’s smartphone exports crossed INR 1 Lakh Cr in the first five months of FY26, President Droupadi Murmu said today, while addressing the first sitting of the Budget session FY26.
Murmu said India’s electronics manufacturing has expanded rapidly over the last decade, with total electronics production increasing sixfold to INR 11 Lakh Cr. Under the production-linked incentive (PLI) scheme, investments worth around INR 2 Lakh Cr have been attracted so far, resulting in production worth over INR 17 Lakh Cr.
She noted that electronics manufacturing alone has created more than 25 Lakh jobs over the last 11 years.
On the automotive front, the President said India’s entry into electric vehicle exports marks a shift from being a largely domestic-focused market to a global supplier, with EVs now being shipped to over 100 countries.
In her address, the President said India’s manufacturing sector has seen record growth over the past year, supported by rising domestic production, exports and policy-led incentives.
Beyond tech exports, the President also informed the Parliament that India’s food grain production touched over 350 Mn tonnes as well as 150 Mn tonnes to become the largest rice-producing country in the world. The country also became the second-largest fish-producer globally.
“I feel a sense of satisfaction to see that the youth, farmers, workers, and entrepreneurs of our country are continuously expanding their role towards building Viksit Bharat. The encouraging statistics of the last year testify to this,” she noted.
Besides, Murmu said India’s startup ecosystem has also expanded alongside manufacturing growth. From a handful of startups a few years back, the country’s startup ecosystem has grown to house a total of 126 unicorns, 147 soonicorns, 60+ minicorns, as well as 57 publicly listed new-age tech startups, reflecting structural integrity.
“Recently, the Startup India Program has completed 10 years. In these 10 years, India has become the third-largest startup ecosystem in the world. A decade ago, there were fewer than 500 startups in the country. Today, nearly two lakh startups have been registered, out of which about 50 thousand new startups have been registered during the last year only. Over 20 lakh youth are working in India’s startup network. There is at least one woman director in 45 percent of these startups,” she said.
The President’s remarks come against the backdrop of a wider push to move India beyond final assembly and build a deeper electronics supply chain. Earlier this month, the Centre cleared 22 projects under the Electronics Component Manufacturing Scheme (ECMS), approving investments worth INR 41,863 crore.
The ECMS projects will cater to sectors including mobile phones, telecom equipment, consumer electronics, automotive electronics and IT hardware, and are spread across eight states, signalling a broader geographic distribution of electronics manufacturing.
The latest clearances build on approvals given over the past few months. In October 2025, the government cleared seven projects worth INR 5,532 Cr. While in November last year, 17 projects involving INR 7,172 Cr investments were approved.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Login or create a free account to continue reading in private mode.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
India’s smartphone exports crossed INR 1 Lakh Cr in the first five months of FY26, President Droupadi Murmu said today, while addressing the first sitting of the Budget session FY26
Murmu said India’s electronics manufacturing has expanded rapidly over the last decade, with total electronics production increasing sixfold to INR 11 Lakh Cr
The President said India’s manufacturing sector has seen record growth over the past year, supported by rising domestic production, exports and policy-led incentives
Retaining its spot as the second largest global smartphone manufacturer, India’s smartphone exports crossed INR 1 Lakh Cr in the first five months of FY26, President Droupadi Murmu said today, while addressing the first sitting of the Budget session FY26.
Murmu said India’s electronics manufacturing has expanded rapidly over the last decade, with total electronics production increasing sixfold to INR 11 Lakh Cr. Under the production-linked incentive (PLI) scheme, investments worth around INR 2 Lakh Cr have been attracted so far, resulting in production worth over INR 17 Lakh Cr.
She noted that electronics manufacturing alone has created more than 25 Lakh jobs over the last 11 years.
On the automotive front, the President said India’s entry into electric vehicle exports marks a shift from being a largely domestic-focused market to a global supplier, with EVs now being shipped to over 100 countries.
In her address, the President said India’s manufacturing sector has seen record growth over the past year, supported by rising domestic production, exports and policy-led incentives.
Beyond tech exports, the President also informed the Parliament that India’s food grain production touched over 350 Mn tonnes as well as 150 Mn tonnes to become the largest rice-producing country in the world. The country also became the second-largest fish-producer globally.
“I feel a sense of satisfaction to see that the youth, farmers, workers, and entrepreneurs of our country are continuously expanding their role towards building Viksit Bharat. The encouraging statistics of the last year testify to this,” she noted.
Besides, Murmu said India’s startup ecosystem has also expanded alongside manufacturing growth. From a handful of startups a few years back, the country’s startup ecosystem has grown to house a total of 126 unicorns, 147 soonicorns, 60+ minicorns, as well as 57 publicly listed new-age tech startups, reflecting structural integrity.
“Recently, the Startup India Program has completed 10 years. In these 10 years, India has become the third-largest startup ecosystem in the world. A decade ago, there were fewer than 500 startups in the country. Today, nearly two lakh startups have been registered, out of which about 50 thousand new startups have been registered during the last year only. Over 20 lakh youth are working in India’s startup network. There is at least one woman director in 45 percent of these startups,” she said.
The President’s remarks come against the backdrop of a wider push to move India beyond final assembly and build a deeper electronics supply chain. Earlier this month, the Centre cleared 22 projects under the Electronics Component Manufacturing Scheme (ECMS), approving investments worth INR 41,863 crore.
The ECMS projects will cater to sectors including mobile phones, telecom equipment, consumer electronics, automotive electronics and IT hardware, and are spread across eight states, signalling a broader geographic distribution of electronics manufacturing.
The latest clearances build on approvals given over the past few months. In October 2025, the government cleared seven projects worth INR 5,532 Cr. While in November last year, 17 projects involving INR 7,172 Cr investments were approved.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Login or create a free account to continue reading in private mode.
AI Description
The article highlights a significant milestone in India's smartphone export sector, with exports surpassing INR 1 Lakh Cr in the first five months of FY26. This achievement was announced by President Droupadi Murmu during the Budget session.