India’s export engine is quietly rewiring itself with smartphones at the core. Electronics exports jumped 38% YoY in FY26, hitting $31 bn in just 8 months with Smartphones alone contributed 60% (nearly $19 bn) with iPhones accounting for $14 bn. Once a $3 bn sector in FY21, smartphone exports touched $24 bn in FY25 and are now on track for $45 bn+ in FY26. As petroleum exports fall 14.7%, electronics is fast closing the gap and could overtake it by FY28. Hopefully this success story of manufacturing-led export transformation that can be replicated in few other sectors. via @bsindia