India has scripted history in 2025, with electronics exports surging past $47 billion for the first time ever, marking a staggering 37% jump from the previous year. This milestone underscores the nation’s rapid ascent as a global manufacturing powerhouse, fueled largely by the government’s Production-Linked Incentive (PLI) scheme.
Official data reveals that exports reached $47 billion, equivalent to over ₹4.15 lakh crore, compared to $34.93 billion in 2024. Smartphones dominated the charts, accounting for nearly two-thirds of the total at around $30 billion. December 2025 alone saw exports climb to $4.17 billion, a 16.8% increase from the prior year’s same month.
The PLI scheme has been a game-changer, propelling smartphone shipments to record highs. In fact, 2025’s smartphone exports represent 38% of the total sent from India over the past five years. From 2021 to 2025, cumulative smartphone exports hit $79.03 billion, with Apple iPhones claiming a whopping 75% share valued at over $22 billion.
Seven out of twelve months in 2025 recorded electronics exports exceeding $4 billion, signaling sustained global demand for India-made goods. Union Minister Ashwini Vaishnaw highlighted the upcoming semiconductor boom, noting four plants set to commence full production in 2026, promising even steeper growth.
Domestic production touched ₹11.3 lakh crore in FY 2024-25, while iPhone exports alone crossed ₹2 lakh crore, an 85% rise year-on-year. India now ranks as the world’s second-largest mobile phone manufacturer, with over 99% of domestic sales now locally produced. As the smartphone PLI nears its March 2026 expiry, extensions are under consideration to sustain this momentum.