Powered by: Motilal Oswal
2025-08-17 01:47:59 pm | Source: IANS
India`s electronics production reaches $133 billion in a decade, exports surge
India`s electronics production reaches $133 billion in a decade, exports surge

In a major fillip to the 'Make in India’ initiative, India’s electronics production has surged from $31 billion to $133 billion in a decade beginning 2014-15, Commerce Minister Piyush Goyal has said. 

The electronics exports have also seen a surge of over 47 per cent in Q1 of 2025-26 over the same quarter in 2024-25, the minister informed via an X post.

“Our government has created several enablers for making India Aatmanirbhar in manufacturing. As a result, we have moved from having 2 mobile manufacturing units in 2014 to over 300 today,” he added.

One of the greatest journeys has been the transformation from a mobile importer to becoming the world's second-largest mobile phone manufacturer.

“The electronics sector has also generated large-scale employment opportunities with solar modules, networking devices, charger adapters, and electronic parts, also playing a key role in strengthening our exports,” said Goyal.

According to latest data compiled by the India Cellular and Electronics Association (ICEA), electronics exports reached $12.4 billion in Q1 FY26, up from $8.43 billion in the same period last year. With this momentum, the industry body projects that electronics exports are expected to touch $46–50 billion by the end of the fiscal year.

The standout performer was the mobile phone segment, which grew by 55 per cent, from $4.9 billion in Q1 FY25 to estimated $7.6 billion in Q1 FY26.

Non-mobile electronics exports also posted solid growth, rising from $3.53 billion to estimated $4.8 billion, an increase of 36 per cent. These include key product segments such as solar modules, switching and routing apparatus, charger adapters and parts, and components.

The electronics manufacturing sector has undergone a historic transformation over the past decade. This growth was enabled by well-calibrated policy interventions such as the Phased Manufacturing Programme (PMP), Production Linked Incentive (PLI) schemes, and strong state-industry collaboration.
 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here