iPhone Exports Reach Rs 2 Trillion, Surpassing India's Branded Export Milestone: Report

India's iPhone Exports Reach Record High of Rs 2 Trillion in FY26

India's iPhone exports have reached a record high of approximately Rs 2 trillion in FY26, marking the final year of the production-linked incentive (PLI) scheme for large-scale electronics manufacturing. According to data submitted by vendors to the government, as reported by Business Standard, this milestone marks a significant achievement in India's manufacturing push under the "Make in India" initiative.

Apple's iPhone has emerged as India's single largest branded export across major product categories under the Harmonised System (HS) code framework, which tracks over 5,000 global trade classifications. Citing 11-month FY26 (April-February) data released by the Ministry of Commerce and Industry, Business Standard noted that India's overall smartphone exports stood at around Rs 2.6 trillion (approximately $29.4 billion) during the period. Of this, iPhones alone accounted for more than 75 per cent, or roughly Rs 2 trillion (approximately $22 billion).

The data highlights Apple's iPhone exports as a dominant force in India's export market, with the company's shipments eclipsing other major categories. A comparison of India's top export categories in FY26 (April-February) is as follows:

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As per Business Standard, Apple has become a key symbol of India's manufacturing push, with its supply chain heavily supported by over 40 domestic companies as well as global partners such as Japan's TDK Corporation and Taiwanese joint ventures. The report also noted that Apple has largely excluded Chinese companies from its India supply ecosystem.

Since the launch of the PLI scheme, iPhone exports from India have grown sharply-from near zero to Rs 2 trillion in five years. Exports rose from Rs 9,351.6 crore in FY22 to Rs 44,269.5 crore in FY23, then surged to Rs 85,013.5 crore in FY24. In FY25, they further climbed to Rs 1.5 trillion, according to Business Standard.

In FY26, even amid geopolitical tensions and global trade disruptions, iPhone exports grew by about 33 per cent during the first 11 months of the year. The report added that Tata Electronics and Foxconn contributed almost equally to Apple's iPhone exports from India. Together, they operate some of the country's largest electronics manufacturing facilities, with workforce strength ranging from over 19,000 in smaller plants to more than 42,000 in larger units. Women made up over 70 per cent of the workforce, as per Business Standard.

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Overall, Apple's India ecosystem-including more than 40 suppliers-now employs around 250,000 people, highlighting the scale of its manufacturing footprint in the country.