PLI scheme push: Electronics is India's fastest-growing export

The government has an aggressive target for exports of electronics

Propelled by smartphone exports under the Production Linked Incentive (PLI) scheme, electronics has become India’s fastest-growing export for the 11-month period from April 2022 to February 2023.

Data released by the Ministry of Commerce & Industry for the top 30 exports shows that electronics exports were up 61.57 per cent in rupee terms over the same period last year. They crossed the $20 billion mark, reaching Rs 166,456.54 crore in comparison to Rs 103,027.19 crore for the same period in FY21-22.

In FY22 (the first year of the PLI scheme) electronics exports went up by 40.5 per cent but were