“Tech Takes the Lead: Why Electronics Are India’s Hottest Export”, India Narrative, October 28, 2025
“India’s electronics export sector is undergoing a historic transformation, rapidly ascending the ranks to become the country’s second-largest export category—potentially overtaking petroleum products for the first time in decades. This development signals a reordering of India’s economic priorities and global positioning, powered by visionary policymaking, significant advances in manufacturing, and surging international demand.
The numbers behind India’s electronics surge are staggering. In fiscal year 2024–25, electronics exports reached a record $38.57 billion, marking a 32.47% year-on-year jump and a sharp increase from just $29.1 billion the previous year. Notably, smartphone shipments alone soared 55% to $24.14 billion, surpassing oil and gems as the leading export for the first time. Non-smartphone sectors such as solar panels, networking devices, and electronic components also showed robust growth, revealing deep diversification within the electronics basket.
Global supply chain shifts and intensifying trade competition have positioned India uniquely. As multinational corporations seek alternatives to China, India has emerged as a competitive destination for electronics manufacturing, benefiting from lower costs, strategic trade initiatives, and a rapidly developing domestic infrastructure. The Production Linked Incentive (PLI) scheme has been pivotal, attracting over $4 billion in Foreign Direct Investment (FDI) since 2020–21 and driving rapid scale-up in local manufacturing. This government-industry synergy makes India a resilient global technology supplier, even in the face of trade volatility……”
Read full article at indianarrative.com
