India's Electronics Exports Soar to $40B, 8X Growth in 11 Years

• India’s electronics exports hit $40 billion, growing eight-fold in 11 years.
• Domestic electronics production increases sixfold, with the first semiconductor chip due this year.
• Bullet train project on track for August/September 2027 operational launch.

India’s electronics exports have reached an impressive $40 billion, reflecting an eight-fold increase over the past 11 years, as announced by Union Minister Ashwini Vaishnaw during the 14th Convocation of IIT Hyderabad.

This remarkable growth is accompanied by a six-fold rise in domestic electronics production, showcasing India’s rapid strides in the sector. The union minister also pointed to the technological progress the country was making with the first Made in India semiconductor chip expected to reach production on a commercial level later this year.

The minister attributed this progress to Prime Minister Narendra Modi’s vision, emphasizing that “In just 11 years, we have increased our electronics production six times. That’s a CAGR double digit which any corporate would be envious of. We have increased our exports eight times, crossed USD 40 billion exports in electronics manufacturing, which is a phenomenal pace of growth, something which very few countries of our size have ever seen.” He also noted India’s development of a complete 4G telecom stack in just three and a half years, now deployed across 90,000 telecom towers, surpassing many global networks.

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Vaishnaw believed that India is on the path to being one of the five leading semiconductor countries due to its investment in capital equipment and raw materials. “Nowhere in the world has such a large talent development program ever been in the field of semiconductors,” he said, highlighting the government’s initiative to provide advanced EDA tools to 270 colleges and 340 startups.

Additionally, he underscored progress in infrastructure, with the first bullet train project set to be operational by August or September 2027, further boosting India’s technological and economic landscape.