The electronics sector, particularly mobile manufacturing, has experienced a surge in recent years, thanks to a combination of government incentives and strong foreign investment. India’s electronics exports have more than doubled, rising from USD 10.6 billion in 2021 to USD 22.7 billion in 2023. The growth is primarily driven by leading global electronics manufacturers such as Apple and Samsung, which have ramped up their production in India.
India’s electronics manufacturing ecosystem has benefited from import tariffs and restrictions on mobile phones and laptops, which have created a favorable environment for domestic production. The government’s focus on boosting the Make in India initiative and the PLI scheme for mobile manufacturing has encouraged companies to invest in manufacturing facilities within the country.
The success of mobile manufacturing in India is a key factor behind the growth of India’s overall electronics sector. In addition to mobile phones, India is also witnessing growth in the production of consumer electronics, including televisions, refrigerators, and home appliances.
India’s competitive labor costs and strategic location in Asia are expected to further bolster the sector’s growth in the coming years. The country’s goal of becoming a global electronics manufacturing hub is well within reach, with the domestic market providing ample opportunities for growth in parallel with expanding export markets.