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India’s electronics industry has achieved a new milestone, recording exports worth $38.57 billion in FY 2024–25, marking a robust 32.5% year-on-year growth. A major contributor to this jump has been non-smartphone electronics, which alone accounted for $14 billion in shipments. This surge signals a turning point in India’s ambitions to become a global electronics manufacturing hub.
Beyond Smartphones: The New Growth Drivers
While smartphones have traditionally dominated India’s electronics exports, the latest figures reveal rising global demand for other categories such as:
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Consumer electronics (TVs, laptops, tablets, audio devices)
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Components and semiconductors
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Networking and communication devices
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Automotive electronics and EV-related hardware
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Industrial machinery electronics and IoT devices
Industry experts say this diversification makes India’s export basket more resilient and attractive to global buyers.
Opportunities for Startups
The boom has opened new avenues for indian startups looking to ride this wave:
Electronics Components & Assembly
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Startups in PCB manufacturing, chip packaging, and modular assembly units can find direct export opportunities.
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MSMEs offering specialized parts can integrate into supply chains of global giants like Apple, Samsung, and Dell.
IoT & Smart Devices
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With rising global demand for connected devices, startups building smart home solutions, wearable tech, and industrial IoT sensors can position themselves in the export market.
EV & Automotive Electronics
Green & Sustainable Tech
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Eco-friendly electronics manufacturing (using recyclable materials, energy-efficient processes) aligns with global ESG standards, offering startups an edge in premium export markets like the EU.
Repair, Refurbishment & Reverse Logistics
Government Push & PLI Advantage
The government’s Production Linked Incentive (PLI) schemes, infrastructure development in electronics clusters (Tamil Nadu, Karnataka, Noida), and free trade agreements with key markets are expected to further boost exports.
“India is no longer seen as just a consumer market. It is fast becoming a credible global supplier of electronics,” said an official from the Electronics and Computer software Export Promotion Council (ESC).
Outlook
As india works toward achieving its $100 billion electronics export target by 2030, startups and MSMEs will play a critical role in bridging innovation gaps, localizing components, and expanding into niche product segments.
The latest export surge is more than just a number—it’s an invitation for entrepreneurs to seize a once-in-a-decade opportunity.
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