India's Electronics Exports Reach $47 Billion in 2025, Driven by PLI Scheme

India's electronics exports reached a record $47 billion in 2025, marking a 37% year-on-year growth, driven largely by the Production Linked Incentive (PLI) scheme for smartphone manufacturing. Nearly $30 billion of exports came from PLI-backed smartphones, with iPhone exports accounting for $22 billion. Electronics has become India's third-largest export sector, reflecting the impact of government reforms and the Make in India initiative in boosting domestic manufacturing and global competitiveness.