Commerce and Business Minisher Piyush Goyal has stated that India’s electronics manufacturing has seen a rise of greater than 4 occasions within the final decade from $31 billion in 2014-15 to $133 billion in 2024-25. He talked about that such magnificent progress was accompanied by an incredible enhance in exports, which have elevated by greater than 47% in Q1 FY26 over the identical quarter final yr.
In accordance with information by India Mobile and Electronics Affiliation (ICEA), electronics exports have been $12.4 billion in Q1 FY26 in comparison with $8.43 billion in Q1 FY25. Using on this momentum, the {industry} physique hopes to succeed in exports to the tune of $46–50 billion by the fiscal yr.
Goyal additional elaborated upon the long-term transformation seen within the sector. He stated, “The cell phone {industry} has primarily been on the coronary heart of this journey. A decade in the past, India was largely an importer of cell phones. Right now, we’ve grow to be a world hub for cellular manufacturing and exports. Cellular exports themselves grew 55 per cent in Q1 FY26, rising from $4.9 billion in the identical quarter final yr to an estimated $7.6 billion.” Non-mobile exports grew at 36% from $3.53 billion to an estimated $4.8 billion.
These consists of photo voltaic modules, networking gear, charger adapters, and digital elements: thus, widening India’s export portfolio.
He added that electronics not simply strengthened the exports but in addition created employment alternatives on a big scale with the help of coverage initiatives like Phased Manufacturing Programme (PMP), Manufacturing Linked Incentive (PLI) schemes, and shut industry-state coordination.
Electronics exports from India have skilled sustained double-digit progress in a number of product segments and are set to report a landmark in FY26, thus inserting the nation firmly within the world provide chains.
