From April to November, exports of electronic goods have surged by 24%, marking the most significant increase among India's top 10 export categories in comparison to the same period in the last fiscal year. This notable growth is primarily driven by mobile exports facilitated by the Production Linked Incentive (PLI) scheme. As a result, the electronics sector has climbed from the sixth to the fifth position in the top 10.

The electronic goods category is now only $200 million away from claiming the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion. This represents a substantial narrowing of the gap, which previously stood at $1.3 billion in 2022.