India’s electronics exports rise 39% to $26.66B as smartphone shipments lead

India’s electronics exports climbed 39.4% year on year to $26.66 billion in April–August FY27, with smartphones contributing $15.96 billion, or 60% of the total. PCB exports surged 2,913%, signalling deeper local component capacity alongside production by Apple, Samsung, Tata Electronics, Foxconn and Dixon.

— Source publishedFri, 25 Sept, 2026, 15:32 IST·First seen Sun, 27 Sept, 2026, 11:42 IST·Source Business Standard (via Wayback)

What happened

India electronics industry · India’s electronics exports rose 39.4% to $26.66 billion in the first five months of FY27, led by $15.96 billion in smartphone

Key facts

  • Electronics exports rose 39.4% year-on-year to $26.66 billion in April-August FY27 from $19.08 billion
  • Smartphone exports were $15.96 billion, representing 60% of electronics exports
  • PCB exports reached $1.46 billion, up 2,913% year-on-year
  • Top 10 electronics export categories grew 53.39% to $21.97 billion from $14.39 billion
  • India's merchandise exports rose 17.85% to $215.91 billion

Why this matters

Apple, Samsung and leading contract manufacturers may find expanding opportunities for partnerships, acquisitions or supplier investments in India’s emerging PCB and electronics-component ecosystem.

What to watch

  • Monthly smartphone and total electronics export growth, especially whether growth remains volume-led rather than currency- or price-led.
  • Share of domestic value addition in exported smartphones, including local sourcing of PCBs, batteries, displays, camera modules and semiconductors.
  • New capacity announcements, production ramp timelines and customer wins at Tata Electronics, Foxconn, Dixon, Bharat FIH and PCB/EMS suppliers.
  • Changes to India's production-linked incentive programs, import duties, export incentives and electronics-component policies.
  • Evidence that PCB export growth is recurring production capacity rather than a low-base, re-export or one-off shipment effect.
  • Global smartphone demand, Apple and Samsung production allocation decisions, and trade-policy changes affecting exports to the US and Europe.
  • Apple, Samsung, Tata Electronics, Foxconn and Dixon are likely to qualify additional India-based suppliers and expand export-oriented assembly capacity.
  • Indian EMS and component makers may pursue PCB fabrication, SMT assembly, testing, enclosure and battery partnerships or acquisitions to capture more of the bill of materials.
  • Retailers and electronics distributors may increase India-made smartphone, accessory and private-label device sourcing as scale lowers unit costs and improves replenishment reliability.
  • OEMs may use India export volumes to negotiate logistics, port handling and component-import concessions from central and state governments.
  • Global component suppliers may establish Indian joint ventures or local manufacturing to retain OEM accounts and meet localization requirements.