Union Minister for Electronics and Information Technology Ashwini Vaishnaw has announced that electronics has emerged as India’s third-largest export category, climbing from seventh place in recent years. He credited the transformation to the government’s Production Linked Incentive (PLI) scheme and Prime Minister Narendra Modi’s vision of building a comprehensive ecosystem for electronics manufacturing.
According to the minister, India has become the second-largest mobile phone manufacturer in the world, with nearly 99 percent of devices now produced domestically. Electronics production has surged six-fold over the past decade, rising from ₹1.9 lakh crore in 2014–15 to ₹11.3 lakh crore in 2024–25. Exports have jumped eight times in the same period, from ₹0.38 lakh crore to ₹3.3 lakh crore.
Vaishnaw highlighted that the PLI scheme for large-scale electronics manufacturing has attracted investments worth ₹13,475 crore and enabled production valued at ₹9.8 lakh crore. He added that the sector has created over 25 lakh jobs in the last decade, underscoring its role in grassroots economic growth.
The minister emphasized that India’s electronics industry is no longer dependent solely on finished products but is steadily expanding into semiconductors and component manufacturing, which will further strengthen exports and job creation. He described the rise of electronics as a “real economic growth story,” reflecting India’s shift toward becoming a global hub for technology and manufacturing.
Industry experts note that this achievement marks a significant milestone in India’s export profile, where electronics now stand alongside traditional leaders such as petroleum products and gems and jewellery. The government expects the momentum to continue as new semiconductor projects and component ecosystems take shape.
