13% of US phones made in India
The US remained India’s largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at $ 131.84 billion, said the data released on Wednesday by Commerce Ministry.
Notably, among rising exports Indian-made phones now hold 13.74% and 14.31% share in the mobile phone market of the US and UK, respectively. In 2024, India exported smart phones worth $ 7.03 billion to the US, up from $4.7 billion in 2023.
To the UK, India-made smart phones exports during 2024 stood at $1.5 billion, up from the $1.039 billion in 2023.
Commerce Secretray Sunil Barthwal, at a media briefing on Tuesday said exports of smart phone is an area being watched.
The data has emerged as there are ongoing talks of bilateral trade agreement between India and the US. Both are negotiating a trade agreement.
The aim is to increase two-way commerce in goods and services to $ 500 billion by 2030.
Trade representatives will resume virtual talks this week and are scheduled to physical meeting in the second-half of May. Trump first threatened to impose reciprocal tariff on India and then, on April 3 , paused the move for 90 days.
India’s main exports to the US included drug formulations and biologicals — valued at $ 8.1 billion.
