 "India electronics exports FY25, India mobile phone exports 2025, PLI scheme electronics impact, India export rankings, Ashwini Vaishnaw, electronics sector growth")
Electronics has catapulted to become the third-largest export segment from the country, hitting a record high of ₹3.27 trillion ($38.6 billion) in 2024-25 (FY25), representing growth of 36 per cent over ₹2.41 trillion last year.
With this, electronics, which was ranked fifth in the pecking order of exports in 2023-24, has now outdone drugs and pharmaceuticals (₹2.57 trillion) and gems & jewellery (₹2.52 trillion) to claim the third spot, behind petroleum goods (₹5.34 trillion) and engineering (₹9.86 trillion).
In FY20, when the production-linked incentive (PLI) scheme was announced, electronics exports ranked far behind at seventh. In its race to the
