Current Affairs - Economy - Discussion

India’s electronics exports surged by 47% year-on-year in Q1 FY26, reaching $12.4 billion compared to $8.43 billion in the same quarter of the previous year. This remarkable growth was primarily driven by mobile phone exports, which alone rose 55% to $7.6 billion, supported by production-linked incentive (PLI) schemes and global manufacturers increasingly using India as an export hub. Non-mobile electronics also showed strong performance with a 37% increase, driven by solar modules, networking equipment, and electronic components. This robust momentum underscores India’s growing position as a global electronics manufacturing powerhouse with diversified export strengths.