New Delhi — India’s electronics manufacturing sector has witnessed a sixfold surge over the past decade, with the government now setting its sights on building a $500 billion domestic electronics ecosystem by 2030–31.
According to an official statement released on Saturday, domestic electronics production has grown from ₹1.9 lakh crore in 2014–15 to ₹11.3 lakh crore in 2024–25. Exports have expanded eightfold — from ₹38,000 crore to ₹3.27 lakh crore — while the industry has generated around 25 lakh jobs, underscoring its growing role as a major driver of employment and economic growth.
The statement highlighted that strategic government initiatives and robust policy support have propelled local manufacturing, boosted exports, and attracted substantial foreign investment.
Since FY2020–21, foreign direct investment (FDI) in electronics manufacturing has crossed $4 billion, reflecting India’s increasing global appeal as a production hub.
The United States, United Arab Emirates, Netherlands, United Kingdom, and Italy emerged as the top five destinations for Indian electronic exports in FY2024–25.
The sector’s rapid expansion has been driven by flagship initiatives such as Make in India and Atmanirbhar Bharat, alongside technological progress, a skilled workforce, and improved business facilitation through reforms like the Production Linked Incentive (PLI) scheme.
One of the standout success stories is mobile phone manufacturing, which skyrocketed from ₹18,000 crore in 2014–15 to ₹5.45 lakh crore in 2024–25 — a remarkable 28-fold increase — making India the world’s second-largest mobile phone producer.
The number of manufacturing units grew from just two in 2014 to over 300, while mobile phone exports surged 127-fold to ₹2 lakh crore. Apple alone contributed ₹1.1 lakh crore in device shipments in 2024.
In a significant milestone, India surpassed China in Q2 FY2025–26 to become the leading smartphone exporter to the United States.
With inputs from IANS