India’s Electronic Manufacturing Industry Grows Fivefold in a Decade: Ashwini Vaishnaw

By A Staff Reporter

New Delhi: India's electronic manufacturing sector has witnessed a fivefold expansion in the last decade, emerging as a key driver of economic growth and job creation. Addressing a press briefing, Union Minister Ashwini Vaishnaw highlighted the sector's remarkable progress under the Modi government’s "Make in India" initiative.

“Electronic manufacturing has grown five times in the last 10 years, achieving a growth rate of about 17 percent CAGR. Today, this is a ₹10 lakh crore industry employing about 25 lakh people,” Vaishnaw stated.

The minister further noted that electronic exports have reached ₹2.5 lakh crore, marking a 6 percent growth over the last decade. Electronics now rank among India’s top three exported commodities, underscoring the success of the government’s manufacturing policies.

“This is a major success of the ‘Make in India’ program, and under PM Modi’s vision, we aim to take it even further,” Vaishnaw added.

Experts believe that strategic initiatives such as the Production Linked Incentive (PLI) scheme and investments in semiconductor production have played a crucial role in India’s emergence as a global electronics hub. The government’s continued push to expand the industry is expected to drive further investment, innovation, and employment in the coming years.