New Delhi – India’s electronics exports have seen a significant surge in the first quarter of FY26, growing by 47% year-on-year, largely driven by robust mobile phone shipments, according to industry data released on Thursday.
Figures from the India Cellular and Electronics Association (ICEA) show that electronics exports reached $12.4 billion in Q1 FY26, up from $8.43 billion during the same period last year. Riding on this strong performance, ICEA estimates that total electronics exports for FY26 could reach between $46 billion and $50 billion.
The mobile phone segment led the growth, with exports rising by 55%, from $4.9 billion in Q1 FY25 to an estimated $7.6 billion in Q1 FY26.
Exports of non-mobile electronic goods also recorded healthy growth, climbing from $3.53 billion to approximately $4.8 billion — an increase of 36%. These include product categories such as solar modules, switching and routing equipment, charger adapters, and various components.
“We commend the mobile phone industry for this remarkable achievement — it’s a strategic milestone for the country,” said Pankaj Mohindroo, Chairman of ICEA. “The real challenge now lies in sustaining global competitiveness, ensuring long-term sustainability, and increasing value addition. We are also seeing encouraging growth in other segments such as solar modules, networking gear, chargers, and electronic components.”
Mohindroo emphasized the need to rapidly scale up other key export categories like IT hardware, wearables, hearables, and consumer electronics.
India’s electronics manufacturing industry has undergone a remarkable transformation over the past decade. Total electronics production has jumped from $31 billion in FY15 to $133 billion in FY25 — a growth propelled by focused industrial strategies.
This expansion has been supported by several policy initiatives, including the Phased Manufacturing Programme (PMP), Production Linked Incentive (PLI) schemes, and strong cooperation between state governments and industry stakeholders.
“To achieve long-term sovereignty in the electronics sector, we need globally competitive Indian brands and champions at every stage of the value chain — from components and sub-assemblies to final products,” Mohindroo added.
This impressive Q1 performance builds on record-breaking growth in the previous two fiscal years, with electronics exports rising from $29.1 billion in FY24 to $38.6 billion in FY25.
With inputs from IANS