India's electronics exports topped US$47 billion in 2025, about ₹4.15 lakh crore, up 37% from US$34.93 billion in 2024. Smartphones made under the production-linked incentive scheme brought in nearly US$30 billion, about two-thirds of the total. Solar cells, routers, networking gear, chargers, components and circuit-board assemblies made up much of the rest. The next target is US$55 billion.