India's electronics exports soar 27.4% to $22.5B, driven by government incentives and smartphone growth.

Electronics goods have become the fastest-growing segment in India's exports, with a 27.4% increase to $22.5 billion from April to November 2024-25. This growth is largely due to the government's production-linked incentive (PLI) scheme, which has spurred new manufacturing capacities. Smartphone exports saw a 45% increase, with global giants like Apple and Samsung expanding their production in India. The Union Cabinet approved a semiconductor manufacturing unit in Gujarat, expected to further boost the sector.

3 months ago
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