India’s push to build a globally competitive electronics manufacturing base has delivered a major milestone. In 2025, the country’s electronics exports crossed $47 billion, marking a 37 per cent jump over the previous year.

The surge was driven largely by smartphone exports, supported by the government’s production-linked incentive (PLI) schemes. Together, policy support and rising global demand have helped position electronics as one of India’s fastest-growing export segments.

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Why it matters

This is the first time India’s electronics exports have crossed the $47 billion mark. Smartphones alone accounted for nearly two-thirds of the total export value, reflecting the scale and impact of PLI-backed manufacturing over the past few years.

Export performance in 2025

Data from the Department of Commerce shows that electronics exports reached $47 billion (₹4.15 trillion) in 2025, compared with $34.93 billion in 2024. The momentum was consistent through the year, with exports crossing the $4 billion threshold in seven of the twelve months.

December stood out, with shipments worth $4.17 billion, a 16.8 per cent increase over the same month last year. The steady performance points to expanding manufacturing capacity and sustained overseas demand for Indian-made electronics.

Smartphones lead the surge

Smartphones emerged as the clear driver of growth. Nearly $30 billion of electronics exports in 2025 came from PLI-supported smartphone production, making it the single largest contributor to the sector’s export earnings.

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A significant share of this growth was led by iPhone manufacturing in India, carried out by Apple’s contract manufacturers. Large-scale assembly operations, improved component sourcing and a stronger export focus helped push smartphone exports to an all-time high, reinforcing India’s place in global electronics value chains.

Beyond phones: a broader export base

While smartphones dominated export numbers, other electronics segments also contributed to the overall growth. Key export categories included photovoltaic cells, networking equipment such as routers, charger adapters, electronic components, sub-assemblies and printed circuit board assemblies (PCBAs).

The mix signals a gradual shift beyond basic assembly towards higher-value manufacturing. Rising exports of renewable energy equipment and networking hardware also highlight India’s expanding capabilities across emerging technology areas.

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The road to $55 billion

Crossing $47 billion is a significant achievement, but the next milestone will be harder to reach. Industry experts caution that global tariff uncertainty, trade restrictions and shifting supply-chain dynamics could affect export growth in the coming years.

Sustaining momentum will depend on policy continuity, predictable trade rules and continued support for manufacturing under PLI schemes. How effectively these challenges are managed will determine whether India can scale electronics exports beyond $55 billion in the near term.