Blitz Bureau
NEW DELHI: India’s share in global electronics demand has expanded at a rapid compound annual growth rate (CAGR) of 17.2 per cent, significantly outpacing global growth of 4.4 per cent between 2015 and 2024, according to NITI Aayog’s Trade Watch Quarterly report for July-September 2025-26.
Between 2016 and 2024, electronics exports increased nearly five-fold, reaching $42.1 billion. With global electronics trade valued at $4.6 trillion, the sector represents one of the largest and fastest-evolving segments of the world economy. India has demonstrated particular strength in products such as mobile phones, consumer electronics, and communication equipment, with exports increasingly directed towards major final-consumption markets including the United States, the United Kingdom, and the UAE, the report states.
Electronics, the thematic focus of this quarter’s edition, has emerged as a cornerstone of India’s manufacturing and export transformation. Now the second-largest item in India’s export basket, the sector is both technology-led and deeply interconnected with industries such as automotive, renewable energy, telecom, defence, and digital services, making it a powerful multiplier for industrial growth.
The report states that having established a strong foothold in assembly and system integration, India is now entering the next phase of its electronics journey, moving decisively toward component manufacturing and higher value addition. This transition is supported by targeted policy measures, including the Union Budget’s Rs 40,000 crore allocation under the Electronics Components Manufacturing Scheme, aimed at strengthening domestic capabilities.