Driven by Make in India and Atma Nirbhar Bharat, India has experienced a massive expansion in electronics manufacturing over the past 11 years.
Strategic government initiatives have propelled both domestic production and exports, positioning the nation as a growing hub in the global electronics and semiconductor ecosystem.
Between 2014–15 and 2024–25, India’s electronics manufacturing expanded nearly 6 times, rising from ₹1.9 lakh crore to ₹11.32 lakh crore. Exports grew even faster, increasing 8 times from ₹38,000 crore to ₹3.26 lakh crore in the same period.
Mobile exports alone saw a steep rise from ₹22,000 crore to over ₹2.2 lakh crore. Electronics is now India’s third-largest export category.
Key schemes such as Production Linked Incentives (PLI), launched in 2020 for large-scale electronics and later for IT hardware, drew investments of ₹14,065 crore and ₹846 crore respectively.
These targeted mobile phones, laptops, tablets, servers, and ultra-small form factor devices. Supportive reforms across taxation, FDI, and customs also accelerated manufacturing output.
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Mobile manufacturing units shot up from 2 to over 300 in the last 11 years. Since 2020–21, production increased from ₹2.2 lakh crore to ₹5.5 lakh crore. The electronics sector now offers employment to nearly 25 lakh individuals, reflecting growth across the entire value chain.
To enhance component manufacturing, the Electronics Components Manufacturing Scheme (ECMS) was introduced in 2025. With ₹59,350 crore as the expected investment, proposals worth ₹1.15 lakh crore were received.
Semicon India Programme, launched in 2022, focuses on chip design, fabrication, testing, and packaging. So far, 10 semiconductor units worth ₹1.6 lakh crore have been approved.
Encouraging local chip innovation, the Design Linked Incentive (DLI) Scheme supports 24 chip and SoC projects for telecom, AI, IoT, drones, and other technologies.
Tools have been provided to 394 universities and start-ups, and 46 institutions have already designed and fabricated chips at Semiconductor Labs, Mohali.
India's coordinated efforts through policy backing and infrastructure have significantly bolstered its electronics and semiconductor industries, leading to large-scale growth in manufacturing, exports, and ecosystem development across the sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Dec 6, 2025, 11:40 AM IST
Team Angel One
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