The Rise of 'Made in India': Smartphone Shipments Soar 6% YoY

India's 'Made in India' smartphone shipments have experienced a 6% year-over-year growth, driven primarily by Apple and Samsung. These two giants accounted for 94% of India's smartphone exports in 2024. Apple's iPhone 15 and 16 were major contributors, while Samsung solidified its position with a 7% YoY growth. The growth is attributed to increased local manufacturing and favorable government policies. India's smartphone market is expected to see modest growth in 2025, with a focus on premium and entry-premium segments.

Source: Moneycontrol, Economic Times, IDC Reports