India’s Electronics Exports Hit $31 Billion, Grow 38% in FY26

India’s electronics export sector delivered a standout performance in FY26, emerging as the fastest-growing export category among the top 30 export items, with merchandise shipments surging to $31 billion in the first eight months (April–November) of the financial year a robust 38% year-on-year jump.

This remarkable growth underscores India’s rising stature in the global electronics value chain, driven principally by smartphone exports and bolstered by pro-manufacturing policies aimed at boosting production, investment, and competitiveness.

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Electronics: Leading India’s Export Growth

Among India’s diversified export basket, electronics has emerged as a key growth engine:

• $31 billion in exports: Total electronics shipments in April–November FY26, up 38% year-on-year compared to the same period last year.
• Top-ranked export item: Electronics recorded the fastest growth among India’s top 30 export commodities.
• Smartphones at the forefront: Nearly 60% of electronics exports came from smartphones, contributing about $18.7 billion to the total.
• Apple’s significant role: iPhone exports alone accounted for more than 45% of total electronics export value, highlighting India’s growing importance in global mobile supply chains.

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What’s Driving the Momentum

The electronics export boom reflects a broader transformation in India’s manufacturing landscape:

Strategic policy push

Initiatives such as the Production Linked Incentive (PLI) schemes have catalysed local manufacturing and export competitiveness, drawing investment from global players and fostering domestic value-addition.

Smartphone manufacturing boom

India’s mobile manufacturing footprint has expanded rapidly over recent years, enabling a sharp rise in exports. This reflects both increased domestic capacity and integration with global supply chains.

Jobs & technology transfer

Government and industry voices highlight that export growth is linked not just to foreign revenue but also to job creation, skills development, and advanced technology transfer — key elements in creating a future-ready workforce.

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Comparative Export Landscape

The growth in electronics exports comes against a backdrop of changing global trade dynamics:

• Electronics exports are narrowing the gap with petroleum exports, historically one of India’s largest export categories.

• With petroleum shipments declining in FY26, experts suggest electronics could overtake petroleum exports as a key export earner in the near future.

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Industry estimates suggest that, if the current momentum continues, electronics exports could reach $45 billion in FY26. This trajectory would mark a milestone for the sector and reinforce India’s positioning as a global manufacturing hub.

As export growth accelerates, policymakers and manufacturers alike are optimistic that India’s electronics industry will continue to expand both in breadth and depth from consumer electronics to high-value components and advanced digital products.