Business Jun 11, 2025

India's electronics sector set for major growth

India's electronics manufacturing is on track to reach $282 billion by 2030, thanks to a big push from mobile and wearable devices. Supportive government moves like 'Make in India' and the PLI scheme are fueling this growth.

TL;DR

India now ranks as the world's 2nd-largest mobile phone producer

India now ranks as the world's second-largest mobile phone producer, with almost every phone sold here made locally. The country is eyeing $300 billion in electronics output by 2026, aiming for a bigger slice of the global tech scene.

Electronics could rival the auto industry in size by 2030

If all goes as planned, electronics could rival the auto industry in size by 2030—meaning more jobs and opportunities. Plus, with tech advancing fast, there's growing demand for data servers and IT infrastructure too.