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But electric penetration lags NITI Aayog's targets
India's smartphone market shifts towards premium devices, pushing brands like Xiaomi and Transsion to rethink strategies amid rising prices and 5G adoption
The production-linked incentive scheme for large-scale electronics manufacturing, due to end on March 31, has propelled India as the second-largest smartphone maker in the world. What's its future?
Based on preliminary estimates with the government, the production value in FY26 is estimated to hit ₹227,000 cr, which is an increase of more than 24% over the previous financial year's ₹183,000 cr
Exports in the five-year period accounted for 70 per cent, or $50 billion, of the FOB production value as Apple Inc shipped "made in India" phones across the world
Based on data provided to the government, Apple manufactured iPhones worth $27 billion in India in 2025 on a freight-on-board (FOB) basis
Micron has facilities in the United States (US), China, Singapore, Taiwan, Malaysia, and Japan, among others, with 13 major manufacturing sites. India will now join this group of countries
Existing scheme with incentives only for output ends on March 31
Government expects Apple to shift 30% of global iPhone production to India, unfazed by US Supreme Court ruling that removes China's tariff disadvantage
In 2025, according to aviation data platform OAG, Delhi airport ranked 5th, with 46.18 million seats, after a dramatic leap from the 9th position, which it held in 2019
The tax now has been declared "illegal" by the US Supreme Court
70% of workers women; indirect employment pegged at 750,000
Based on data from CB Insights, total funding for AI companies in India in 2025 stood at $1.34 billion across 198 deals
India ranks 47th in global ePV adoption in 2025 with just 4% penetration, far from its 2030 target, as infrastructure and policy gaps slow EV momentum
Ashwini Vaishnaw outlines the nation's global ambitions in AI
According to media buyers, this single fixture routinely draws the tournament's highest viewership and advertising intensity
Longer retention cycles build an installed base that places it just behind China
India positions itself as counterweight to US-China dominance
Addverb plans to build 100 robots in the first year
More than two-fifths of India's exports to the US faced no tariffs before trade agreement was sealed