India’s Electronics Exports Jump 24% In FY26 On Smartphone Surge

New Delhi, Apr 23 (KNN) India’s electronics exports recorded a sharp 24 percent growth in FY26, led by a strong surge in smartphone shipments as global majors like Apple and Samsung continued to scale up manufacturing in the country.

Total electronics exports rose to USD 47.96 billion in FY26 from USD 38.56 billion in the previous fiscal, underscoring India’s growing position as a global manufacturing hub, The Economic Times reported.

Smartphones lead export momentum

Smartphone exports grew nearly 22 percent during the year, driven by robust demand from key markets. The United States emerged as the largest destination, importing devices worth USD 19.68 billion, an 86 percent increase over FY25.

The strong performance reflects the success of the government’s Production Linked Incentive (PLI) scheme, which has attracted global manufacturers and boosted domestic production capacity.

Diversification across products and markets

Beyond smartphones, several other electronics segments contributed to export growth, including printed circuit boards (PCBs), telecom equipment components and personal computers.

Exports of higher-value-added products also saw significant gains. Loaded PCBs reached USD 1.61 billion, while machines for transmission of voice and data surged 75 percent to USD 1.67 billion. 

Telecom equipment parts and personal computers recorded growth of 90.5 percent and 84 percent, respectively.

Emerging categories such as OLED display modules and true wireless stereo (TWS) devices posted strong growth, signalling a shift towards advanced and consumer-focused technologies.

Expanding global footprint

Apart from the US, key export destinations included the UAE, China, Singapore and Hong Kong. Newer markets such as the Slovak Republic also witnessed rapid growth, indicating broader geographical diversification.

Under the PLI scheme for large-scale electronics manufacturing and IT hardware 2.0, incentives worth Rs 15,554 crore have been disbursed so far. Around 59 companies reported incremental production of approximately Rs 2.45 lakh crore between April and December 2025.

The continued expansion highlights the impact of the government’s Make in India push in strengthening domestic manufacturing, enhancing export competitiveness and integrating India deeper into global electronics supply chains.

(KNN Bureau)