India Becomes Top Smartphone Supplier to US, Electronics Production Hits Rs 12 Lakh Crore
Union minister Ashwini Vaishnaw has announced that India is now the leading smartphone supplier to the US, with the value of electronics manufacturing reaching Rs 12 lakh crore.
Speaking at the inauguration of metro projects in Bengaluru on Sunday, Union minister Ashwini Vaishnaw highlighted that India’s electronic production has grown six times in the last 11 years. He added that electronic exports have shot up eight times to Rs 3 lakh crore and confirmed India’s position as the world’s second-largest mobile phone manufacturer, as noted.
“Our electronic production has grown six times in the last 11 years. Today, electronics manufacturing has touched Rs 12 lakh crore. Electronic exports have increased by eight times… It has now reached Rs 3 lakh crore. India has become the second-largest manufacturer of mobile phones in the world,” Vaishnaw was quoted as saying.
According to official data cited by TOI, India had only two mobile manufacturing units in 2014; today, there are more than 300. Back in 2014-15, only 26% of mobile phones sold in India were made domestically, with the rest being imported. Now, 99.2% of phones sold in the country are made locally.
Union Minister Jitin Prasada had told the Lok Sabha earlier that the production-linked incentive (PLI) scheme, which was mainly for mobile phone manufacturing, has attracted a total investment of Rs 12,390 crore.
“The PLI Scheme for LSEM has already attracted a total investment of Rs 12,390 crore, leading to a cumulative production of Rs 8,44,752 crore with exports worth Rs 4,65,809 crore and creating 1,30,330 new jobs (direct) until June ’25,” the minister said.
The minister also informed Parliament that the country’s mobile import demand decreased by 0.02 per cent in 2024-25, a significant drop from the high of 75 per cent in 2014-15.
“The PLI Scheme for Large Scale Electronics Manufacturing has had a major impact on India’s mobile manufacturing sector, especially in transforming India from a net importer to a net exporter of mobile phones. Bharat is now the world’s second-largest mobile manufacturing country,” the minister said.
Minister Prasada also informed that the PLI Scheme 2.0 for IT hardware has so far brought in a total investment of Rs 717.13 crore, resulting in a cumulative production worth Rs 12,195.84 crore and the creation of 5,056 direct jobs as of June 2025.
He also mentioned that India has received USD 4,071 million in foreign direct investment (FDI) in the electronics manufacturing sector over the past five years, starting from FY 2020-21. Of this, USD 2,802 million came from companies that benefited from the Ministry of Electronics and IT’s PLI scheme.
