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India's Electronics Manufacturing Soars 6-Fold, Eyes $500B Ecosystem by 2030

India's electronics sector has undergone a dramatic manufacturing turnaround, with production increasing nearly six-fold over the past decade. Mobile phone manufacturing has been the standout, with output soaring 28-fold and positioning India as the world's second-largest producer. Strategic policy support, including enhanced budgetary allocations for components and semiconductors, along with significant foreign investment, has fueled this growth. The sector is now targeting a $500 billion domestic electronics ecosystem by 2030-31, aiming for deeper integration into global value chains.

Key Points: India's Electronics Production Jumps 6X, Mobile Manufacturing Up 28X

  • Electronics production grew 6-fold in 10 years
  • Mobile phone manufacturing skyrocketed 28-fold
  • Over $4B FDI attracted since 2020-21
  • Budget 2026-27 boosts semiconductor & component schemes
2 min read

India's electronics sector scripts manufacturing turnaround, production saw 6-fold increase over past decade

India's electronics production surged from ₹1.9L Cr to ₹11.3L Cr in a decade. Mobile manufacturing rose 28-fold, making India the world's 2nd-largest producer.

"India is now the world's second-largest mobile phone manufacturer, with over 300 manufacturing units compared to just two units a decade ago. - PIB Report"

New Delhi, March 2

India's electronics sector has emerged as one of the most compelling success stories in the country's manufacturing journey, driven by focused policy support, rising domestic capabilities, and growing global investor confidence.

Over the past decade, electronics production in India has increased nearly six-fold, from Rs 1.9 lakh crore in 2014-15 to Rs 11.3 lakh crore in 2024-25, according to a report by PIB Headquarters.

The surge reflected India's steady progress toward becoming a global hub for electronic design, manufacturing, and exports.

Mobile phone manufacturing has been at the forefront of this transformation.

Production in the segment jumped from Rs 18,000 crore in 2014-15 to Rs 5.45 lakh crore in 2024-25, marking a 28-fold rise.

India is now the world's second-largest mobile phone manufacturer, with over 300 manufacturing units compared to just two units a decade ago.

The country has also achieved near self-reliance in mobile production, significantly reducing import dependence.

Foreign direct investment has reinforced this expansion. Since 2020-21, India has attracted over USD 4 billion in FDI in electronics manufacturing.

Policy momentum continues under the Union Budget 2026-27, which has enhanced support for electronics and semiconductor manufacturing. The outlay for the Electronics Components Manufacturing Scheme has been increased to Rs 40,000 crore, while India Semiconductor Mission 2.0 aims to strengthen industry-led research, advanced manufacturing, and supply chain resilience.

Electronics Component Manufacturing Scheme (ECMS) was notified in 2025 with an outlay of ₹22,919 crore. The scheme aims to strengthen component manufacturing and integrate India's electronics industry with global value chains through turnover-linked, capex, and hybrid incentives.

With a target of building a USD 500 billion domestic electronics ecosystem by 2030-31, India's electronics sector is steadily positioning itself as a critical player in the global technology value chain.

A similar thrust is visible in other high-value sectors. Semiconductors and electronics components are critical areas where import substitution is strategically important, as seen during global chip shortages.

- ANI

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Reader Comments

P
Priya S
A 28-fold increase in mobile manufacturing is mind-blowing! I remember when we only had imported phones. Now we see "Made in India" everywhere. Hope the quality keeps improving and we start exporting our own brands globally soon.
R
Rohit P
Great progress, no doubt. But we must be careful. Is this just assembly of imported parts, or real manufacturing? The component scheme (ECMS) is a step in the right direction. True success is when we design and make the chips inside the phones here.
S
Sarah B
As someone working in tech procurement, this shift is very real. Global companies are seriously looking at India as an alternative manufacturing base. The policy consistency is key. Attracting $4 billion in FDI in a few years speaks volumes.
K
Karthik V
This is the kind of economic news that makes me proud. It's not just about phones; it's about building a complete ecosystem. More manufacturing means more skilled jobs for our engineers and technicians. The semiconductor mission 2.0 is the next big frontier!
N
Nisha Z
Hope the benefits reach smaller cities and towns, not just the big industrial corridors. We need electronics manufacturing clusters across states to ensure balanced regional development. The jobs created should be good quality with proper training.

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