Exports jumped almost five times to $42.1 billion from 2016 to 2024. In a $4.6 trillion global market, India’s focus on mobiles, consumer gadgets, and communication devices has paid off, targeting buyers in America, the UK, and UAE.

This sector now holds the No. 2 spot in India’s export portfolio, linking to autos, clean energy, telecom, defense, and digital economy pillars.

The report urges moving beyond assembly to component production for value addition. A ₹40,000 crore budget scheme backs this ambition.

Key recommendations include embedding deeper in supply chains via advanced areas like PCB design, chip assembly, power systems, and embedded tech. Streamlined logistics, smart taxes, and workforce training are essential.

Suman Berry, NITI Aayog Vice Chairman, called electronics central to manufacturing evolution. It aids trade balance and tech independence. While final product assembly thrives, long-term edge requires cost cuts, local parts networks, and major investments linking firms globally.

Global trade cools, but India’s services hold strong. Exports grew 8.5% in Q2 FY25-26, beating imports. Developing country trade has grown fourfold since 2005; India’s Global South partnerships accelerate.

E-commerce thrives too—India’s in the top six worldwide, with electronics dominating half of online retail.