ENA Sectors 2026-04-23 14:36:02 <p><span style="font-size:14px"><strong>New Delhi, Apr 23 (KNN)</strong> Indias 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.</span></p> <p><span style="font-size:14px">Total electronics exports rose to USD 47.96 billion in FY26 from USD 38.56 billion in the previous fiscal, underscoring Indias growing position as a global manufacturing hub, The Economic Times reported.</span></p> <p><span style="font-size:14px"><strong>Smartphones lead export momentum</strong></span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">The strong performance reflects the success of the governments Production Linked Incentive (PLI) scheme, which has attracted global manufacturers and boosted domestic production capacity.</span></p> <p><span style="font-size:14px"><strong>Diversification across products and markets</strong></span></p> <p><span style="font-size:14px">Beyond smartphones, several other electronics segments contributed to export growth, including printed circuit boards (PCBs), telecom equipment components and personal computers.</span></p> <p><span style="font-size:14px">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. </span></p> <p><span style="font-size:14px">Telecom equipment parts and personal computers recorded growth of 90.5 percent and 84 percent, respectively.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px"><strong>Expanding global footprint</strong></span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">The continued expansion highlights the impact of the governments Make in India push in strengthening domestic manufacturing, enhancing export competitiveness and integrating India deeper into global electronics supply chains.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 45892 https://knnindia.co.in/news/newsdetails/sectors/indias-electronics-exports-jump-24-in-fy26-on-smartphone-surge 2026-04-23 14:36:02 knnindia.co.in