New Delhi: Union Minister for Electronics and IT, Ashwini Vaishnaw, on Monday lauded the expansion of India’s electronics exports, expressing the hope that it’ll turn into the second largest export class. quickly. The minister knowledgeable that India’s electronics exports have emerged because the third-largest and fastest-growing export class within the first half of FY26.
The minister shared the replace in a submit on social media platform FY26. On target to be the second largest exported merchandise.”
The federal government information confirmed that electronics exports elevated by 42 per cent (year-on-year) to $22.2 billion in H1FY26, with roughly half of that worth linked to Apple iPhone shipments. The sector has surged in export rankings, rising from seventh in FY22 to 3rd place. India’s exports grew 5.19 per cent year-on-year between April and August 2025 to $346.1 billion, in comparison with $329.03 billion throughout the identical interval in 2024, regardless of the uncertainty in international markets.
The efficiency comes on prime of seven.1 per cent progress in exports in 2024, exceeding the worldwide common of two.5 per cent, in accordance with World Financial institution (WB) information. Digital items led the surge with a 40.6 per cent enhance, including $5.5 billion in worth in comparison with the identical interval in 2024.
This success is carefully linked to the Manufacturing-Linked Incentive (PLI) and ‘Make in India’ schemes which have reworked India from a web importer to a web exporter of smartphones. Exports of smartphones alone crossed Rs 1 lakh crore within the first 5 months of FY26, a strong 55 per cent enhance over the earlier yr, the article additional states.
India’s smartphone exports crossed an estimated $1.8 billion within the month of September, reflecting a year-on-year progress of over 95 per cent in comparison with the identical month final yr.