India's Electronics Manufacturing Surges Six-Fold to Rs 12 Lakh Crore
India's electronics manufacturing has grown over six-fold to approximately Rs 12 lakh crore in FY25 from Rs 1.9 lakh crore in FY15, with exports rising nearly eight times to Rs 3.3 lakh crore.
Key Points
- Production increased six-fold from Rs 1.9 lakh crore (FY15) to Rs 12 lakh crore (FY25)
- Exports surged nearly eight times to Rs 3.3 lakh crore
- Mobile phone exports increased 127 times, transforming India from net importer to net exporter
- ECMS attracted Rs 1.15 lakh crore investments against target of Rs 59,350 crore
Full Details
Union Minister of State for Electronics and IT, Jitin Prasada, announced in the Lok Sabha that India's electronics manufacturing sector has witnessed remarkable expansion over the past decade. Mobile phone production jumped 28-fold to Rs 5.45 lakh crore, while mobile phone exports increased 127 times to Rs 2 lakh crore, transforming India from a net importer in 2014 to a net exporter. The sector now has over 300 manufacturing units operational. The Electronics Component Manufacturing Scheme (ECMS) has attracted investment commitments worth Rs 1.15 lakh crore against a target of Rs 59,350 crore, with an estimated employment potential of 1.4 lakh jobs.
Why It Matters
This transformation positions India as a global electronics manufacturing hub, potentially reducing dependency on imports and creating significant employment opportunities. The success of PLI and ECMS schemes suggests India's manufacturing incentive policies are working effectively.
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