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# India’s smartphone exports surge 55%, but geopolitical risk looms
- URL: https://adjacent.media/signals/indias-smartphone-exports-surge-55-but-geopolitical-risk-looms/
- Published: 2026-03-31T22:21:55.000Z
- Updated: 2026-04-02T09:54:32.000Z
- Description: India has captured real momentum in smartphone manufacturing—$11B in H1 exports represents genuine diversification away from China, with companies like Apple and Samsung actively expanding production there. But the Iran conflict threat isn’t abstract market jitter; a 22-25% export drop would wipe...
- Author: Jonathan Greene
- Tags: #signal, theme-commerce, retail, supply chain

Source: [Nikkei](https://asia.nikkei.com/spotlight/iran-tensions/india-smartphone-export-growth-in-doubt-as-iran-war-hits-uae?ref=adjacent.media)

India has captured real momentum in smartphone manufacturing—$11B in H1 exports represents genuine diversification away from China, with companies like Apple and Samsung actively expanding production there. But the Iran conflict threat isn’t abstract market jitter; a 22-25% export drop would wipe out most of this year’s gains and expose how fragile India’s supply chain concentration still is, forcing buyers to recalculate whether the country has actually solved their China dependency problem or just shifted it to a different geographic vulnerability.