Smartphone PLI scheme rings in record electronics exports, shows data

Electronics exports reached the highest-ever mark of $19.1 billion within a seven-month period of any financial year, at the end of October 2024. This is a 24 per cent growth over the $15.4 billion export figure for the sector during the same period in the last financial year, according to the latest government data.

The momentum in electronics exports has been built due to the big push in exports through the smartphone production-linked incentive scheme.