Electronics Manufacturing

India has become the world’s second-largest mobile phone manufacturer, following China, with Vietnam in third place.

• As of 2024, 99.2% of all mobile phones sold in India are domestically produced.
• Mobile phones account for 43% of India’s total electronics production.
• In the fiscal year 2023, India’s electronics sector reached a valuation of USD 155 billion, with a compound annual growth rate (CAGR) of 13% over the past five years.
• Electronics production nearly doubled from USD 48 billion in FY17 to USD 101 billion in FY23.
• Electronics have become India’s fifth-largest export commodity, though the country holds less than a 1% share of the global market.
• The Indian government aims to expand electronics manufacturing output to USD 500 billion by 2030, which would require a fivefold increase and is projected to generate 12 million jobs by 2027.