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Economic Survey 2026 reveals electronics sector rising as India’s fastest growing export category

Electronics exports India are on track to reach the second spot globally. Read how mobile manufacturing grew 30 times in ten years
Published By : Satya Mohapatra | January 29, 2026 1:38 PM
Economic Survey 2026 reveals electronics sector rising as India’s fastest growing export category

Mobile production surges as India targets global export leadership.

India’s industrial landscape is undergoing a historic shift. According to the Economic Survey 2026 presented in Parliament, the electronics sector has rapidly climbed the ranks to become the nation’s third-largest export category. Experts now predict it is on the verge of securing the second spot, trailing only behind traditional leaders.

The most stunning success story within this sector is mobile phone manufacturing. Just ten years ago, India's mobile production was valued at a modest Rs 18,000 crore. By the end of the 2025 financial year, that figure skyrocketed to an incredible Rs 5.45 lakh crore. This 30-fold increase has turned India from a country that relied on imported phones into the world’s second-largest mobile manufacturer.

What changed? In 2014, India had only two mobile assembly units. Today, there are over 300 factories operating across the country. This expansion is largely credited to the government’s Production-Linked Incentive (PLI) schemes. These policies have successfully attracted billions in investments and encouraged companies to build everything from circuit boards to finished smartphones locally.

The government is now focusing on the "brain" of electronics: semiconductors. Through the India Semiconductor Mission, massive projects like the Tata Electronics fab are paving the way for India to become self-sufficient in chip design and packaging. New schemes like the Electronics Component Manufacturing Scheme (ECMS) are also providing incentives to ensure that the small parts used in our gadgets are made right here at home.

For a state like Odisha, which is actively seeking industrial diversification, this national boom offers a blueprint for creating high-tech jobs and boosting the local economy through digital manufacturing clusters.