Electronics exports hit Rs 4.24 lakh crore but component shipments shrink 16%

The Story in Brief

India’s electronics exports surged 11-fold to Rs 4.24 lakh crore in FY2025-26, making electronic goods the country’s third-largest export category, the government said. Mobile phones rose from the 153rd-biggest export item in FY2014-15 to India’s largest export product. The sector has created 12 lakh jobs, with women making up nearly 70% of the mobile manufacturing workforce, according to the government release. The digital economy now accounts for up to 14% of GDP. 5G services cover 99.9% of districts.

Yet the Economic Times reports that electronic component exports fell 16% year-on-year to $1.34 billion in the June quarter of FY27, the only category to shrink in the $22-billion electronics export basket. Officials cited a worsening shortage of printed circuit boards (PCBs) due to the Iran war, copper-clad laminate prices surging over 300%, and a 51% drop in component shipments to the US after a 50% import duty. The PCB industry warns production could fall 30-40% in three months if the shortage persists.