Electronics Set to Become India's Second Largest Export, Driven by Mobile Manufacturing Boom
Technology
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Moneycontrol•29-01-2026, 13:00
Electronics Set to Become India's Second Largest Export, Driven by Mobile Manufacturing Boom
- •India's electronics sector has rapidly ascended, moving from the seventh-largest export category in FY22 to the third-largest and fastest-growing in FY25, as per the Economic Survey 2026.
- •With exports reaching $22.2 billion in the first half of FY26, electronics are projected to become India’s second-largest export segment.
- •Mobile phone manufacturing is the primary driver, with production value surging nearly 30-fold from Rs 18,000 crore in FY15 to Rs 5.45 lakh crore in FY25.
- •India has transformed from a net importer to the world's second-largest mobile manufacturer, increasing manufacturing units from two in 2014 to over 300 today.
- •Government policies like the PLI scheme, ECMS, EMC, and SPECS, along with the semiconductor program, have significantly boosted domestic production and attracted investments.
Why It Matters: India's electronics exports are rapidly growing, fueled by mobile manufacturing and supportive government policies.
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