India’s Electronics Production Rises Nearly Six-Fold In A Decade To Rs 11.3 Lakh Crore; Exports Up Eight Times To Rs 3.27 Lakh Crore

India’s electronics production rose to Rs 11.3 lakh crore in 2024–25, nearly six times higher than a decade ago, according to an official release.

Meanwhile, exports of electronic goods increased eight times, from Rs 38,000 crore in 2014–15 to Rs 3.27 lakh crore in 2024–25, the release added.

The sector’s rapid expansion has been supported by domestic manufacturing growth, policy incentives, and increased foreign investment.

Mobile Manufacturing Records Strong Growth

Mobile phone production rose to Rs 5.45 lakh crore in 2024–25, compared with Rs 18,000 crore in 2014–15, placing India as the second-largest mobile phone manufacturer in the world.

Exports surged 127 times, from Rs 1,500 crore in 2014–15 to Rs 2 lakh crore in 2024–25.

The number of manufacturing units expanded from just two in 2014 to over 300 by 2025, with around 3.3 crore (330 million) devices produced annually.

In just the first five months of FY 2025–26, smartphone exports reached Rs 1 lakh crore, a 55 per cent increase over the same period last year.

In the second quarter of FY 2025–26, India overtook China as the top smartphone exporter to the United States.

According to the release, India has achieved near self-reliance in mobile production- from importing 78 per cent of its requirements in 2014–15 to manufacturing almost all devices domestically today.

Policy Measures Supporting Growth

Government programmes have played a central role in expanding the electronic sector’s scale and competitiveness.

The Production Linked Incentive (PLI) Scheme, with an allocation of Rs 1.97 lakh crore across 14 sectors, has so far generated Rs 8.56 lakh crore in production, Rs 4.65 lakh crore in exports, and created over 1.35 lakh direct jobs, according to the release.

The Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) provides a 25 percent financial incentive on capital expenditure for manufacturing key components, aimed at strengthening supply chains and domestic capability.

Approved in May 2025, the Electronics Components Manufacturing Scheme (ECMS)—with an outlay of Rs 22,919 crore—has received 249 applications worth Rs 1.15 lakh crore in proposed investment.

It is projected to generate Rs 10.34 lakh crore in production and create 1.42 lakh direct jobs over six years.

According to the release, India has attracted more than $4 billion FDI Inflow in the field of electronics manufacturing since FY2020-21. Nearly 70 per cent of this FDI is contributed by the beneficiaries of PLI Scheme.  

Major Export Markets

The United States, United Arab Emirates, Netherlands, United Kingdom, and Italy were the top five destinations for India’s electronic exports in FY 2024–25.

Outlook

Supported by schemes such as PLI, SPECS, and ECMS, along with initiatives under Make in India and Atmanirbhar Bharat, the electronics sector continues to expand in both scale and scope.

The government has set a target of building a $500 billion domestic electronics manufacturing ecosystem by 2030–31.

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