Now Reading: Electronics exports surge 11-fold to ₹4.24 lakh crore
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Electronics exports surge 11-fold to ₹4.24 lakh crore
India’s electronics exports have risen 11-fold to ₹4.24 lakh crore in FY2025-26, according to government data. Electronic goods are now the country’s third-largest export category, reaching $47.96 billion. Mobile phones, once the…
The Story in Brief
India’s electronics exports have risen 11-fold to ₹4.24 lakh crore in FY2025-26, according to government data. Electronic goods are now the country’s third-largest export category, reaching $47.96 billion. Mobile phones, once the 153rd-largest export item, are now India’s top export product.
Production in the sector jumped from ₹18,000 crore in 2014-15 to ₹6.27 lakh crore, generating 12 lakh jobs. Women account for nearly 70 per cent of the mobile manufacturing workforce. The digital economy now makes up 14 per cent of GDP. Internet subscribers quadrupled to 109.2 crore, and wireless data costs fell from ₹308 per GB to ₹7.51 per GB.
The Indian Opinion
The headline numbers are impressive, but the government’s press release glosses over how much value is actually added in India versus imported components. A closer look at the trade data shows whether domestic value addition is keeping pace with export growth. Watch for the share of imported inputs in electronics production, that will tell if the PLI schemes are truly building a manufacturing base or just an assembly hub.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
