NEW DELHI, Oct 11: India’s electronics manufacturing sector has witnessed a spectacular transformation, with production projected to reach an impressive Rs 11.3 lakh crore in 2024-25-a six-fold increase over the past decade.
This remarkable growth, accompanied by soaring exports and significant job creation, is positioning India as a formidable global technology powerhouse.
In the last ten years, electronics exports have surged eight times, climbing from Rs 38,000 crore to an estimated Rs 3.37 lakh crore in 2024-25.
Mobile phone exports alone have smashed records, crossing Rs 2 lakh crore this fiscal year, underscoring India’s rising prominence in the international electronics supply chain.
The sector’s expansion has also been a major employment driver, generating approximately 25 lakh direct jobs over the same period.
Adding to this momentum, India has attracted over USD 4 billion in foreign direct investment (FDI) in electronic manufacturing since FY 2020-21, reflecting strong investor confidence fueled by a supportive policy environment.
Central to this growth story are government initiatives like the Production Linked Incentive (PLI) schemes, which have played a crucial role in encouraging both domestic and global companies to scale up manufacturing capacities and build a vibrant electronics ecosystem.
India’s leading export markets for electronic goods in FY 2024-25 include the United States, UAE, the Netherlands, the United Kingdom, and Italy-key players that are vital to expanding India’s global reach and trade partnerships.
Looking ahead, the government has set a bold target to create a USD 500 billion electronics ecosystem by 2030-31. This ambitious vision aims to establish India as a global leader in electronic design, manufacturing, and innovation by fostering advanced technology adoption, infrastructure growth, and sustainable production practices.
The electronics sector’s rapid rise is accompanied by flagship initiatives such as “Make in India” and “Digital India,” which focus on boosting self-reliance, driving innovation, and enhancing skill development.
Experts stress that ongoing government support, infrastructure investment, and talent nurturing will be essential to sustain this upward trajectory.
With production, exports, and employment all on a steep upward curve, India is well on its way to reducing import dependence and cementing its position among the world’s top electronics manufacturing hubs. Bolstered by a comprehensive ecosystem and strategic policies, the country is poised to compete robustly on the global stage. (UNI)
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