The close of the five-year smartphone production linked incentive (PLI) scheme has been marked by what officials describe as the fastest scale-up of a consumer electronics product in India, with Apple and its vendors exceeding production, export and employment targets, according to final composite filings submitted at the end of FY26. The filings show cumulative production of about $70 billion (FOB) over FY21–26 against an initial commitment of roughly $38.8 billion, translating into output at about 1.8 times the target. The ramp-up has been driven by iPhone manufacturing under the PLI programme.