India’s electronics and semiconductor sector has seen significant growth, transitioning from plans to actual achievements. The country is poised to achieve new milestones in 2026 with the ‘Make in India’ and production-linked incentive (PLI) initiatives firmly established. Government data reveals a substantial rise in electronics production from about Rs 1.9 lakh crore in 2014-15 to approximately Rs 11.3 lakh crore in 2024–25. Similarly, electronics exports have surged from Rs 38,000 crore to over Rs 3.27 lakh crore during the same period.
The growth in India’s mobile phone manufacturing sector is evident, with the number of manufacturing units increasing from two in 2014-15 to around 300 presently. Mobile phone production has soared from Rs 18,000 crore to Rs 5.45 lakh crore, accompanied by a surge in exports from Rs 1,500 crore to nearly Rs 2 lakh crore. Additionally, the Modified Electronics Manufacturing Clusters (EMC 2.0) across 10 states, with projected investments of Rs 1,46,846 crore, are expected to create approximately 1.80 lakh jobs.
India’s manufacturing base, particularly in electronics and mobile phones, has significantly expanded over the past decade, positioning the country as a net exporter in key sectors. The Chairman of ICEA, Pankaj Mohindroo, highlighted the transformative impact of the PLI framework, emphasizing the need for sustained policy support, faster approvals, and a focus on component ecosystems to drive India towards innovation-driven production.
Ashok Chandak, President of the India Electronics and Semiconductors Association (IESA) and SEMI India, emphasized the structural nature of India’s electronics growth story. Stakeholders are now aligned towards building resilient, sustainable, and globally competitive value chains, focusing on execution, joint R&D, and technology transfer for deeper value addition and long-term success in the electronics industry.
