India’s electronics exports are projected to surge by 30% annually, potentially exceeding $46 billion by FY26, fueled primarily by mobile phone shipments. The sector witnessed a 47% growth in the first fiscal quarter, with the US being a major export destination. India’s electronics exports are expected to grow around 30% on-year to breach the $46-50 billion mark by the end of FY26, having grown 47% in the first quarter of this fiscal, an industry association said, adding that mobile phones were the main growth drivers. But the projection doesn’t take into account potential impact of US tariffs, an official said. Nearly half of India’s electronics exports—of which smartphones account for over 70%—are to the US, said industry executives.
The country’s total electronics exports grew to $38.6 billion in FY25 from $29.1 billion in FY24, according to data released by India Cellular and Electronics Association (ICEA) on Thursday. ICEA represents the likes of Apple, Xiaomi, Oppo and Vivo in the country. In Q1FY26, total electronics exports surged 47% on-year to $12.4 billion (around Rs 1.09 lakh crores), driven by smartphones, with a bulk going to the US as companies such as Apple scaled up outward shipments to beat imposition of US tariffs. Thus, mobile phone exports jumped 55% on-year to approximately $7.6 billion. The non-mobile segment, comprising solar modules, switching and routing gear, charger adapters and parts and components also rose 36% on-year in shipments to $4.8 billion in Q1FY26, according to ICEA. It said India now needs a major thrust to scale up non-mobile categories to broaden India’s electronics exports to tap into the massive global opportunity.
“It is more important than ever to build an indigenous supply chain. We need globally competitive Indian brands and Indian champions across the entire value chain from components and sub-assemblies to final products,” said Pankaj Mohindroo, chairman, ICEA. “The real challenge begins now.” Mohindroo said other product segments in electronics have also shown significant growth and solar modules, networking equipment, chargers and components are gaining traction. “We must now accelerate their expansion. We need IT hardware, wearables, hearables and consumer electronics exports to rise sharply”. ICEA said India’s electronics manufacturing sector has undergone a massive transformation over the last 10 years. Total electronics production rose from $31 billion in FY15 to $133 billion in FY25, driven by a targeted industrial strategy and supported by well-calibrated policy interventions such as the Phased Manufacturing Program (PMP), PLI schemes and strong state-industry collaboration. “The real challenge begins now, which is building resilience, deepening value addition and strengthening our supply chain,” Mohindroo said. “The global opportunity is massive but it demands staying power, not just momentum.”
Source : https://economictimes.indiatimes.com/tech/technology/indias-electronics-exports-up-47-to-12-4-billion-in-q1-fy26/articleshow/123173808.cms?from=mdr
