Even as the recently imposed Trump tariffs continue to rattle Indian exports, the country has set a target of USD 500 billion in electronics output by 2030, and USD 180-200 billion in electronics exports by 2031. Also, the country has recorded a 127 per cent surge in its smartphone exports over the past decade, as per recently published data.
iPhones made in India — a part of the overall “Make in India” success story — have driven this export surge, according to media reports.
Speaking at the 4th Annual General Meeting (AGM) of the Mobile and Electronic Devices Export Promotion Council (MEDEPC), held recently in New Delhi, event Chief Guest and Union Minister of Commerce and Industry Piyush Goyal “underscored the need to deepen domestic capabilities across the electronics value chain, noting that greater self-reliance in both finished products and components will be key to sustaining India’s export momentum and reducing import dependence”, according to a PIB media release.
The release said: “India’s electronics manufacturing sector is witnessing a period of unprecedented transformation — propelled by visionary policy initiatives, record investments, and expanding global partnerships. Aligned with the Hon’ble Prime Minister’s vision of achieving USD 500 billion in electronics manufacturing by 2030, India has rapidly positioned itself as a reliable global hub for electronics design, production, and exports.”
In a related report earlier this week, CNBC TV18 said: “Smartphone export [from India] has increased 127 times in the last decade, touching a value of INR 2 lakh crore in 2024-25, up from INR 1,500 crore in 2014-15.”
A Times of India report this week said that in the past three years, electronics exports had jumped 63 per cent — from USD 23.5 billion in FY23 to USD 38.5 billion in FY25. “Analysts project that electronics exports could double from FY23 to FY26 at the current rate,” said the report.
TOI also said that the “main engine for the electronics export boom” was the Government of India’s Production-Linked Incentive (PLI) scheme for smartphones, “which has successfully incentivised global manufacturing giants to establish significant operations in India”.
Calling iPhone’s parent Apple the “standout player”, TOI said that the company “has made India its second-most important base after China for iPhone manufacturing”.
In the period of April-September 2025, Apple had shipped iPhones worth a record USD 10 billion, said the report, adding that “Made in India” iPhones now accounted for about one-fifth of global iPhone sales.
Overall electronics exports from India see 41.9 per cent year-on-year surge in H1 2025
Data on significant export achievements were presented at the AGM, which was convened in the presence of senior officials from the Ministry of Commerce and Industry, the Directorate General of Foreign Trade, and leading representatives from India’s electronics and mobile export ecosystem.
Some figures in this area, as published in the PIB press note, are:
● India’s export performance reflects a remarkable growth story, with overall electronics exports surging by 41.9 per cent, reaching USD 22.2 billion during April-September 2025 (H1 2025), compared to USD 15.6 billion in the same period last year.
● Smartphone exports grew by an impressive 58 per cent, touching USD 13.38 billion, up from USD 8.47 billion in the corresponding period of 2024.
● In FY2024-25, India recorded USD 38.6 billion in electronics exports, a 32.6 per cent year-on-year increase, firmly establishing its expanding role in global value chains.
● India now ranks as the third-largest smartphone exporter globally, a significant milestone in the country’s journey towards manufacturing leadership.
The media release on the AGM where Goyal spoke further said that “India’s deepening participation in global value chains (GVCs) underscores its transformation into a resilient and trusted manufacturing hub, offering stability and scale amid global supply chain realignments”.
It said that increasing domestic sourcing of critical components, including batteries, chargers, camera and display modules, had enhanced local value addition and self-reliance.
Ongoing FTA talks likely to open up new and lucrative export markets in the Western hemisphere
India’s ongoing Free Trade Agreement (FTA) negotiations with the European Union, United Kingdom, and the four-nation European Free Trade Association aim to unlock new market access opportunities for Indian electronics manufacturers.
Meanwhile, the Electronics Component Manufacturing Scheme (ECMS) and the Production-Linked Incentive (PLI) schemes were accelerating domestic manufacturing depth and reducing import dependence, said the PIB release.
The AGM also discussed India’s roadmap to achieve USD 180-200 billion in electronics exports by 2031, emphasising upon the importance of policy consistency, robust infrastructure, green energy integration, and active industry collaboration.
