Current Affairs - Finance - Discussion

India recorded a historic milestone in FY2025 by achieving electronics exports worth $47 Billion, reflecting the rapid expansion of its manufacturing ecosystem. A major contributor to this growth was smartphone manufacturing under the Production Linked Incentive (PLI) scheme, which alone accounted for nearly $30 billion in exports. Electronics emerged as India’s third-largest export category, highlighting the success of initiatives such as Make in India. Since 2014–15, electronics exports have grown eleven-fold, generating around 25 lakh jobs, with significant participation from women and MSMEs, and boosting domestic production nearly six times.