India’s Electronic Goods Exports Soar 37.9% to $26.29 Billion in FY26 H1

India’s electronic goods exports have demonstrated “exceptional momentum,” surging by 37.9% to $26.29 billion in the first seven months of the fiscal year 2025-26, up from $19.07 billion in the same period of the previous year. This strong performance is attributed to a demand recovery, improved supply chain efficiencies, and enhanced domestic manufacturing capabilities, particularly those supported by production-linked incentive (PLI) schemes.

Key Export Destinations and Growth

The substantial increase in electronic exports was primarily led by robust demand from three major markets: the US, the UAE, and China.

• United States: The US remains the top destination by absolute value, with exports jumping 135.9% to $12.08 billion. This is partly due to the exemption of certain electronics and smartphones from the Trump administration’s 50% tariff regime on Indian goods.
• UAE: The UAE became the second-largest export destination, registering 62.6% growth to $2.30 billion.
• China: Exports to China also saw a sharp increase of 125.8%, reaching nearly $999 million, driven by specialised components and intermediate electronic goods.

The Netherlands was the only major market to show a decline, with exports falling 42% due to shifts in European inventory cycles and soft demand for specific high-value components.

Month-wise Export Performance

The sector showed consistent expansion throughout the first seven months of the current fiscal year (April to October 2025).

While month-on-month growth moderated slightly in July and August, the sector regained strong momentum in September and October. This overall performance, comprising items like smartphones, consumer electronics, and semiconductor components, signals growing global competitiveness and market diversification for Indian manufacturers.