A detailed report jointly prepared by the ICEA and EY has projected that Indian exports of mobile phones had the potential to generate $100 billion by 2025. In addition, another $40 billion would come from component exports.

China and Vietnam are the only two countries today that are net exporters of mobile phones while another 198 countries are net importers of mobile handsets.

In FY20, India became the third exporter after China and Vietnam with modest handset exports of about $3 billion. To boost the export of handsets from India, the government recently announced 3 schemes with outlay of Rs.50,000 crore to boost mobile handset exports.

With global companies getting wary of operating with Chinese association, the Indian government sees a huge opportunity in this space.