Bengaluru, August 10: Union Minister Ashwini Vaishnaw on Sunday said that India has emerged as the top supplier of smartphones to the United States, with the country’s electronics manufacturing industry now valued at ₹12 lakh crore.
Speaking at the inauguration of Metro projects in Bengaluru, the Minister highlighted the remarkable growth of India’s electronics sector over the past decade.
“Our electronic production has grown six times in the last 11 years. Today, electronics manufacturing has touched ₹12 lakh crore. Electronic exports have increased by eight times and now stand at ₹3 lakh crore,” said Vaishnaw, who also serves as the Minister of Railways, Communications, and Electronics & IT.
Vaishnaw underscored India’s position as the world’s second-largest mobile phone manufacturer, a testament to the government’s push toward making the country a global hub for electronics and technology production.
The Minister emphasized that this rapid expansion supports Prime Minister Narendra Modi’s vision of inclusive technological access for every citizen, as well as India's broader ambition to strengthen its place in the global supply chain.
According to official data, India’s mobile manufacturing sector has witnessed a dramatic transformation:
- In 2014, India had only 2 mobile manufacturing units.
- Today, the country has over 300 manufacturing facilities.
- Back in 2014-15, just 26% of mobile phones sold in India were made locally; the rest were imported.
- As of FY24, 99.2% of all mobile phones sold in the country are now manufactured domestically.
- The manufacturing value of mobile phones has jumped from ₹18,900 crore in FY14 to ₹4,22,000 crore in FY24.
This massive leap not only highlights India’s self-reliance in mobile manufacturing but also showcases its expanding role in global electronics exports, particularly to key markets like the United States.
(With agency inputs)
