Will India’s Electronics Sector Achieve a $500 Billion Ecosystem by 2030?
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Synopsis
India is on track to develop a $500 billion electronics ecosystem by 2030, fueled by a significant increase in production and exports. This growth is bolstered by government initiatives and foreign investments, making the country a global electronics powerhouse.
Key Takeaways
- India aims for a $500 billion electronics ecosystem by 2030.
- Electronics production has surged from Rs 1.9 lakh crore to Rs 11.3 lakh crore in a decade.
- Exports have increased eightfold, enhancing economic growth.
- Initiatives like Make in India drive local manufacturing.
- India is now the world’s second-largest mobile phone manufacturer.
New Delhi, Oct 11 (NationPress) India is targeting a $500 billion domestic electronics manufacturing ecosystem by the fiscal year 2030–31, as the sector has experienced nearly six-fold growth over the last decade, as reported by the government on Saturday.
The production of electronics in India has surged from Rs 1.9 lakh crore in 2014-15 to Rs 11.3 lakh crore in 2024-25. Exports have also increased eightfold, with figures rising from Rs 38,000 crore to Rs 3.27 lakh crore. This sector has generated 25 lakh jobs, highlighting its pivotal role in employment and economic development, according to an official statement.
Key government initiatives and robust policy support have significantly enhanced local manufacturing capabilities, expanded export opportunities, and attracted considerable global investments, the release stated.
Since FY2020–21, foreign direct investment in electronics manufacturing has surpassed $4 billion, emphasizing the sector's growing global appeal.
The leading markets for Indian electronic goods in FY2024–25 include the United States, United Arab Emirates, Netherlands, United Kingdom, and Italy.
The surge in electronics manufacturing has been driven by initiatives such as Make in India and Atmanirbhar Bharat, combined with strong policy support, technological advancements, and a skilled workforce.
Supportive measures like the Production Linked Incentive (PLI) scheme and enhancements in the ease of doing business have greatly stimulated manufacturing and exports, according to the statement.
Mobile phone production has skyrocketed from Rs 18,000 crore in 2014-15 to Rs 5.45 lakh crore in 2024-25, marking a remarkable 28-fold increase, positioning India as the world’s second-largest mobile phone manufacturer.
The industry has expanded from just two production units in 2014 to over 300 today. Exports have surged by an astounding 127-fold to Rs 2 lakh crore, with Apple contributing Rs 1.1 lakh crore in device shipments in 2024. In the second quarter of FY2025–26, India surpassed China to become the leading smartphone exporter to the United States.
Point of View
I believe India's ambitious target for its electronics sector reflects its commitment to becoming a global manufacturing leader. With a clear roadmap supported by government initiatives, the country is poised for unprecedented economic growth. This growth not only strengthens the economy but also enhances India’s position on the global stage.
NationPress
12/10/2025
Frequently Asked Questions
What is the target for India's electronics sector by 2030?
India aims to establish a $500 billion domestic electronics manufacturing ecosystem by 2030.
How much has the electronics production grown in the last decade?
Electronics production in India has grown nearly six-fold, increasing from Rs 1.9 lakh crore in 2014-15 to Rs 11.3 lakh crore in 2024-25.
What initiatives are driving this growth?
Initiatives like Make in India and Atmanirbhar Bharat, along with strong policy support and technological advancements, have driven the growth of the electronics sector.
What is the significance of foreign direct investment in this sector?
Foreign direct investment in electronics manufacturing has exceeded $4 billion since FY2020-21, highlighting the increasing global attractiveness of the sector.
Which countries are the top importers of Indian electronics?
The top five destinations for Indian electronic goods include the United States, United Arab Emirates, Netherlands, United Kingdom, and Italy.
