Summary:

India’s electronics exports increased by 28% in the first eight months of FY25 compared to FY24, reaching US$ 22.5 billion. This places electronics as the fastest-growing industry, rising from sixth to third among India's top 10 exports. The gain is primarily attributable to the smartphone production-linked incentive (PLI) program, which drove smartphone exports to US$ 13.11 billion, a 45% increase from FY24, currently accounting for 58% of overall exports.

Apple's entry into India, with support from Foxconn, Pegatron, and Tata Electronics, has significantly boosted smartphone shipments, accounting for over 40% of total electronics exports this year. Solar modules, PCs, and routers are among the most important categories. The India Cellular and Electronics Association (ICEA) emphasizes the importance of tariff and logistical improvements to remain competitive with China and Vietnam. Electronics exports are now approaching half of petroleum exports, necessitating tariff adjustments to encourage growth.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.