India’s electronics exports recorded a remarkable 47% year-on-year increase in the first quarter of FY26, reaching $12.4 billion, according to data released by the India Cellular and Electronics Association (ICEA).
This surge, driven largely by mobile phone shipments, reflects the sector’s growing role in India’s export economy.
In the same period last year, exports stood at $8.43 billion. The momentum seen this year has prompted ICEA to forecast total electronics exports for FY26 in the range of $46–50 billion.
Mobile phones emerged as the sector’s standout performer. Exports grew 55% from $4.9 billion in Q1 FY25 to an estimated $7.6 billion in Q1 FY26.
This growth underscores India’s rising manufacturing capabilities and the success of production-linked incentive (PLI) schemes in attracting global manufacturers.
Non-mobile electronics, which include solar modules, switching and routing equipment, charger adapters, and components, also posted strong results.
This segment grew 37% year-on-year to $4.8 billion from $3.53 billion in the corresponding quarter of the previous fiscal.
ICEA Chairman Pankaj Mohindroo noted that other product categories, such as networking gear, chargers, and solar modules, are gaining momentum.
He emphasised the need to accelerate exports in IT hardware, wearables, hearables, and consumer electronics to maintain the sector’s growth trajectory.
Decade of Progress
The data reflects a decade-long transformation in India’s electronics sector. Total electronics production has increased from $31 billion in FY15 to $133 billion in FY25.
Exports have followed a similar upward curve, rising from $29.1 billion in FY24 to $38.6 billion in FY25.
With the current pace, India’s electronics exports could soon surpass several traditional export categories, further diversifying the country’s trade profile.
ICEA’s projections for FY26 signal optimism, with the export target of $46–50 billion within reach. The expansion of manufacturing facilities, the adoption of advanced technology, and favourable government policies are expected to sustain this momentum.
Mohindroo stressed the importance of scaling up emerging segments, adding, “We must now accelerate the growth of IT hardware, wearables, hearables, and consumer electronics exports. These categories have the potential to significantly boost India’s global electronics market share.”
The consistent growth in both mobile and non-mobile electronics points towards a robust future for the sector. Enhanced production capacity, coupled with strategic infrastructure investments, is set to make India a key player in global electronics manufacturing and exports.
If ICEA’s forecast holds, FY26 could mark a historic milestone for the country’s electronics industry, consolidating its position as a powerhouse in the global supply chain.
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