India's smartphone exports jumped 39% YoY in August 2025, reaching $1.53 billion, up from $1.09 billion last year, the ICEA said. Shipments to the US more than doubled to $965 million. ICEA cautioned against misleading month-on-month comparisons, stressing seasonal factors. Overall exports in FY26’s first five months hit a record ₹1 lakh crore, up 55% from FY25.