India’s Electronics Manufacturing Boom
India has emerged as the world's second-largest mobile manufacturing country, surpassing Vietnam and following China. The country has seen rapid expansion in electronics production and exports, making significant strides in the global supply chain.
Key Highlights of India's Electronics Manufacturing Sector
Mobile Manufacturing in India
✔ 99.2% of all mobile phones sold in India are made domestically.
✔ Mobile phones constitute 43% of India’s total electronics production.
✔ Government initiatives like PLI (Production Linked Incentive) schemes have boosted local production.
Growth of India's Electronics Sector
✔ Total Valuation: Electronics production reached USD 155 billion in FY23.
✔ Production Growth: Increased from USD 48 billion in FY17 to USD 101 billion in FY23.
✔ Global Share: Despite rapid growth, India contributes less than 1% of the global electronics market.
India’s Electronics Exports
✔ Electronics is now India’s fifth-largest export commodity.
✔ India exports electronics to over 120 countries.
✔ Key export markets include USA, UAE, China, and European nations.
Future Prospects
✔ Expanding semiconductor manufacturing through India Semiconductor Mission (ISM).
✔ Focus on self-reliance (Atmanirbhar Bharat) and reducing dependency on imports.
✔ Investments from Apple, Samsung, and Foxconn to further boost manufacturing.
This rapid rise in electronics production positions India as a key global player in the coming decade.
