India's Electronics Manufacturing Surges with PLI Scheme Boosting Exports
India's electronics manufacturing sector has experienced significant growth, driven by the Production Linked Incentive (PLI) scheme for Large Scale Electronics Manufacturing (LSEM). The scheme, launched in 2020, has led to a substantial increase in domestic production and exports, particularly in the smartphone industry. Government data indicates that electronics production has increased sixfold from 2014-15 to 2024-25, with exports rising eightfold. The PLI scheme has exceeded its initial targets, with investments, production, and exports surpassing expectations. However, employment generation has not fully met targets. The government is now focusing on reducing dependency on imports for high-value components through new initiatives like the Electronics Component Manufacturing Scheme (ECMS). 
