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livemint.com / 3 months ago
livemint.com / 3 months ago
Need higher value-addition in electronics export, says Niti Aayog
Subscribe to enjoy similar stories. NEW DELHI : The electronics sector has emerged as India's second-largest export segment after petroleum products, but sustaining this momentum will require a shift from assembly-led growth to deeper component manufacturing and a stronger integration into global value chains for higher value goods, Niti Aayog said in the sixth edition of its Trade Watch Quarterly (Q2 FY26) on Friday.
India's electronics exports grew at a compound annual growth rate (CAGR) of 17.2% between 2015 and 2024, far outpacing global electronics trade growth of 4.4%. The sector's shipments rose from $8.6 billion in 2015 to $42 billion in 2024, and now account for 10% of India’s total export basket.
The government's apex think tank said the electronics industry is also now a significant pillar of domestic manufacturing. Production rose nearly six-fold over the past decade—from ₹1.9 lakh crore in FY15 to ₹11.3 lakh crore in FY25, contributing 3.4% to India's GDP and generating nearly 25 lakh jobs, said the report released by Niti Aayog vice-chairman Suman Bery.
However, the gains remain concentrated in mobile phones and telecom equipment, which account for over 52% of India’s electronics export basket, reflecting the dominance of assembly-led manufacturing, the report said. While India has built competitiveness in mobile phone exports—achieving a 3.5% share in the segment's global demand—it remains heavily import-dependent in high-value components such as integrated circuits, semiconductors, batteries and display panels, it said.
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