In the first eight months of FY25, electronics exports surged by 28% to $22.5 billion, moving up from the sixth position to the third spot among India's top export items. Smartphones alone accounted for a 45% increase, contributing significantly to this growth
As mentioned, electronics exports surged by 28% to $22.5 billion in the first 8 months of FY25, up from $17.66 billion during the same period in FY24. This remarkable growth has moved electronics goods from the sixth position to the third spot among India's top export items.
This development showcases India's growing capabilities in the electronics sector.
Smartphones have been a major driver of this growth, with exports increasing by 45% to $13.11 billion. Smartphones now account for 58% of total electronics exports, and this share is expected to reach 60-65% by the end of FY25.
The success of the Production-Linked Incentive (PLI) scheme has attracted global giants like Apple, Samsung, Foxconn, Pegatron, and Tata Electronics to expand their production in India. This has significantly boosted smartphone exports.
Exports of consumer electronics, solar modules, desktops, and routers have also recorded significant growth.
With the establishment of semiconductor manufacturing capacities in India, electronics exports are expected to further accelerate. The Union Cabinet recently approved a proposal by Kaynes Semicon to set up a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,307 crore.
These developments highlight India's growing capabilities in the electronics sector and its potential to become a major player in the global electronics market.
Meanwhile, engineering goods, valued at $56.24 billion, continue to be the largest export category. Petroleum products, with worth $36.56 billion, hold the second spot.
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