Business: The country’s mobile phone exports increased by 95 percent year-on-year in September to cross $ 1.8 billion. August and September are traditionally considered slow months for exports due to production adjustments and seasonal supply cycles, India Cellular and Electronics Association (ICEA) said on Tuesday. But the strong performance this time reflects the strong mobile phone manufacturing ecosystem that has developed in the country.
ICEA said, during April-September, mobile phone exports increased by more than 60 percent to $13.5 billion. In the same period a year ago, this figure was $ 8.5 billion. This shows that India’s mobile phone manufacturing sector is ready for global competition underpinned by the three pillars of sustained scale, efficiency and reliability. India’s mobile phone exports can reach the level of around $35 billion in the current financial year 2025-26.
200 percent jump in exports to America
Mobile phones manufactured in India are mainly exported to America, United Arab Emirates, Austria, Netherlands and Britain. In the first half (April-September) of the current financial year, mobile phones worth about $9.4 billion were exported to America. This is an increase of nearly 200 percent compared to $3.1 billion a year ago. During this period, America’s share in total mobile phone exports was about 70 percent.
Gems and jewelery exports increased by 6.5 percent to $2.9 billion
Despite global challenges, gems and jewelery exports increased by 6.55 per cent to $2.91 billion in September due to demand during the festive and wedding season. In September, 2024 it was $2.73 billion. Total gems and jewelery exports witnessed a growth of 3.66 per cent in the first half of 2025-26, the Gems and Jewelery Export Promotion Council (GJEPC) said on Tuesday. It reached $14.09 billion compared to $13.60 billion in the same period of the last financial year. During this period, total gem-jewellery exports to America declined by 40.28 percent to $277.06 million.
Banks cleared checks worth Rs 8.49 lakh crore within a few hours
Since the RBI system came into effect from October 4, banks have so far cleared 1.49 crore cheques. Their amount is Rs 8.49 lakh crore. Also, if the check is returned, you will get it on the same day.
National Payments Corporation Ltd. (NPCI) said, these checks have been cleared through the central system. In the initial days we faced some problems in the central system of banks and NPCI. This also led to delays in crediting money into customers’ accounts and some check returns.
NPCI said on social media, the problems have been resolved. All central systems are working properly since Monday. We are working with the banks to resolve every issue. RBI has started the system of clearing checks within a few hours from October 4. Now it used to take two to three days. The check clearing system has changed from a batch based model to a continuous process. This has been possible by implementing real time settlement. Now checks are processed throughout the day. With this, the money reaches the account on the same day. From 10 am to 4 pm, deposited checks are scanned and sent for clearing.
Indian travelers will soon be able to pay through UPI in Japan
Indians going to Japan will soon be able to make payments there through Unified Payment Interface i.e. UPI. For this, NPCI International Payments Ltd., the international branch of National Payments Corporation of India. signed a Memorandum of Understanding (MoU) with NTT Data Japan on Tuesday. NTT DATA Japan is a leader in the payments ecosystem and operates Japan’s largest card payment processing network.
