India has reached a new pinnacle in its journey to becoming a global manufacturing powerhouse. As of early 2026, official data confirms that electronics exports crossed ₹4 lakh crore ($48 billion approx.) during the 2025 calendar year. This represents a staggering jump from ₹3.3 lakh crore in the 2024-25 fiscal year, reflecting the rapid maturation of the domestic ecosystem.
Key Drivers of the ₹4 Lakh Crore Surge
The exponential growth in exports isn’t accidental; it is the result of targeted policy interventions and a shift in global supply chains.
- The “Apple” Effect: iPhone exports from India nearly doubled, reaching ₹2.03 lakh crore in 2025. Apple has become the “poster child” for the success of Indian manufacturing, with one in every four iPhones produced globally expected to be made in India soon.
- Production-Linked Incentive (PLI) Schemes: The government’s PLI 2.0 for Large-Scale Electronics and IT Hardware has incentivized global giants like Foxconn, Pegatron, and Tata Electronics to scale operations rapidly.
- Infrastructure & Employment: The sector now employs over 25 lakh people, with 2025 seeing a major push toward deepening the value chain through domestic component manufacturing.
Breaking Down the Numbers: 2025 vs. 2024
The growth trajectory shows that India is no longer just an assembly hub but a competitive exporter to premium markets like the USA, UAE, and the Netherlands.
| Category | 2024 (Approx) | 2025 (Actual) | Growth % |
| Total Electronics Exports | ₹3.3 Lakh Cr | ₹4.0+ Lakh Cr | ~22% |
| iPhone Exports | ₹1.1 Lakh Cr | ₹2.03 Lakh Cr | ~85% |
| Mobile Phone Production | ₹5.5 Lakh Cr | ₹6.76 Lakh Cr | ~23% |
“Electronics exports crossed ₹4 lakh crore in 2025, creating jobs and bringing foreign exchange.9 Momentum will continue in 2026 as four semiconductor plants come into commercial production.” — Ashwini Vaishnaw, Union Minister.
What’s Next for 2026?
The focus for the coming year is shifting from assembly to high-value components. Several factors are expected to push exports even higher in 2026:
- Semiconductor Commercialization: Four major semiconductor plants are slated to begin commercial production in 2026, reducing India’s reliance on imported chips.
- IT Hardware Expansion: With the PLI for IT hardware gaining steam, exports of laptops, tablets, and servers are expected to see a “mobile-like” surge.
- Value Addition: Domestic value addition in electronics is projected to rise toward 35-40%, moving away from “low-margin assembly” to complex sub-assembly manufacturing.
Conclusion
Crossing the ₹4 lakh crore mark is more than just a fiscal victory; it is a signal to the world that India is a reliable alternative in the global electronics supply chain. With the semiconductor mission coming online, the next target of $120 billion (₹10 lakh crore) by 2026-27 looks increasingly within reach.
