India’s electronics exports surged by 35.11 percent to a two-year high of 3.58 billion dollars in December 2024 from 2.65 billion dollars in the same month of the previous year, reflecting the increase in foreign demand for high-value Indian goods and rising domestic production capacities, data compiled by the Commerce Ministry showed. The country’s electronic exports jumped by 28.6 percent to 26.11 billion dollars in the April-December period of the current fiscal year, from 20.3 billion dollars during the same period in 2023-24. Electronics goods have emerged as the fastest-growing segment in India’s export basket as new manufacturing capacities have come up in the country driven by the success of the Centre’s production-linked incentive (PLI) scheme. Within the electronics sector smartphone exports have recorded a 45 percent increase in exports as leading players such as Apple and Samsung expand production in the country. The PLI scheme and quick clearances by the government are proving to be a major success.