India’s electronics exports up 47% to $12.4 billion in Q1 FY26

India’s electronics exports are expected to grow around 30% on-year to breach the $46-50 billion mark by the end of FY26, having grown 47% in the first quarter of this fiscal, an industry association said, adding that mobile phones were the main growth drivers.

But the projection doesn’t take into account potential impact of US tariffs, an official said. Nearly half of India’s electronics exports—of which smartphones account for over 70%—are to the US, said industry executives.

The country’s total electronics exports grew to $38.6 billion…