India is the second largest mobile handsets manufacturer in the world with regards to volume produced amounting to 30 crore (300 million) in FY21.
In FY22 , imports of electronics goods stood at US$ 58.64 billion, whereas exports stood at US$ 12.38 billion. In FY21, the export of electronics stood at US$ 2.43 billion. In FY20, imports accounted for US$ 50 billion, wherein China and Hong Kong accounted for about US$ 28 billion, or about 57% of India’s total electronic imports.
In India, smartphone shipments reached 150 million units and 5G smartphone shipments crossed 4 million, driven by high consumer demand post-lockdown.
Smartphone shipments in India increased by about 82% YoY to reach 33.0 million units in 2021. Xiaomi led the Indian smartphones market with 28.4%, followed by Samsung (17.7%).Industry Forecast
The Indian electronics manufacturing industry is projected to reach US$ 520 billion by 2025. The demand for electronic products will rise to US$ 400 billion by 2025 from US$ 33 billion in FY20. Electronics system market is expected to witness 2.3x demand of its current size to reach US$ 160 billion by FY25. The consumer electronics and appliances industry in India is expected to become the fifth largest in the world by 2025.Industry Investments
According to the Department for Promotion of Industry and Internal Trade, in 2021, Foreign Direct Investment (FDI) equity inflows into the Indian Electronics Industry stood at US$ 3,176.29 million.