A powerhouse performance in electronics exports has propelled India to new heights in 2024-25, with shipments climbing 32.47% to $38.58 billion compared to the previous year. The Electronics and Computer Software Export Promotion Council (ESC) unveiled these figures in its latest report on Wednesday.
In 2023-24, the sector exported $29.12 billion worth of goods, with telecom products—particularly smartphones—leading the charge. Smartphone exports are projected to hit $24.14 billion this year, up from $15.57 billion, making them the undisputed heavyweight in India’s electronics portfolio.
Market-wise, the US captured 44% of smartphone exports, followed by UAE (11%), Netherlands (9%), UK (6%), and Italy (5%). North America topped the charts with $14.70 billion total exports, while Europe followed with $11.45 billion.
‘India Tech’ initiatives are opening doors for Indian companies in high-growth areas like Africa, Latin America, CIS, ASEAN, and SAARC, as noted by ESC Chairman Vir Sagar. These efforts are also strengthening presence in mature markets.
Gurmeet Singh, ESC’s Executive Director, pointed to telecom hardware, spearheaded by smartphones, as the primary growth engine. Notably, shipments to Russia and CIS tripled to $1.10 billion, Middle East hit $5.20 billion, and exports to Korea and Japan jumped 48.56% to $1.75 billion.
State contributions highlight geographic spread: Tamil Nadu at $15 billion, Karnataka $7.85 billion, Uttar Pradesh $5.30 billion, Maharashtra $3.60 billion, Gujarat $2.80 billion, and Delhi $1 billion. This broadening base reflects India’s shift from concentrated manufacturing hubs to a nationwide ecosystem, poised for sustained global competitiveness.