India’s Electronics Manufacturing Sees Remarkable Growth with PLI Schemes
In alignment with the Prime Minister’s vision of Make in India and Atmanirbhar Bharat, the Indian government has made significant strides in developing the electronics manufacturing ecosystem. Over the past 11 years, the sector has witnessed phenomenal growth, evidenced by substantial increases in production and exports of electronics goods, particularly mobile phones.
According to recent statistics, the production of electronic goods in India has surged from approximately ₹1.9 lakh crore in 2014-15 to an impressive ₹11.3 lakh crore projected for 2024-25, marking a sixfold increase. Additionally, exports have risen eight times, from around ₹0.38 lakh crore to an estimated ₹3.3 lakh crore during the same period. The mobile phone sector has seen even more extraordinary growth, with production expected to jump from ₹0.18 lakh crore to ₹5.5 lakh crore—an astonishing 28 times increase—while exports have skyrocketed from ₹0.01 lakh crore to ₹2 lakh crore, increasing by 127 times.
Boost from the Production Linked Incentive Scheme
In 2020, the government launched the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing (LSEM) aimed at enhancing domestic mobile phone production. As a result, mobile phone production has more than doubled, increasing from ₹2.14 lakh crore in FY 2019-20 to a projected ₹5.5 lakh crore in FY 2024-25. This leap has established India as the second-largest mobile manufacturer globally. The export figures echo this success, with an increase from ₹0.27 lakh crore in FY 2019-20 to ₹2 lakh crore in FY 2024-25. Notably, India transitioned from being a net importer of mobile phones in 2014 to a net exporter today, highlighting the effectiveness of these initiatives.
By December 2025, the PLI scheme is expected to attract investments totaling ₹15,172 crore and create over 171,448 new jobs. Simultaneously, the government introduced PLI 2.0 for IT Hardware in 2023, aimed at bolstering domestic manufacturing of IT equipment like laptops and tablets. As of December 2025, this initiative is anticipated to generate cumulative production worth ₹16,531 crore and sustainable investments of ₹856.64 crore, along with the creation of 4,776 direct jobs.
Ongoing Efforts in Electronics Manufacturing
Over the last eleven years, the Indian government has implemented various measures to enhance the electronics manufacturing ecosystem. These initiatives include the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), Electronics Manufacturing Clusters (EMC), and the Semicon India Programme. Other efforts include promoting domestic products through public procurement policies and reforming taxation to encourage investment. Furthermore, the government has allowed 100% foreign direct investment (FDI) in electronics manufacturing, subject to applicable regulations.
This growth in the electronics sector reflects India’s commitment to becoming self-reliant and a global hub for electronics manufacturing. The ongoing initiatives portray a future where India plays a pivotal role in the global electronics supply chain.
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