📊Executive Summary

India's electronics imports have surged to a record $116.17 billion in FY2025-26, marking a 17.76% increase from the previous year. This growth highlights India's heavy reliance on imported components despite efforts to boost domestic manufacturing through initiatives like the Production-Linked Incentive (PLI) scheme. The gap between electronics imports and exports, which stands at $68 billion, raises concerns about the sustainability of India's electronics sector. The government has announced the India Semiconductor Mission 2.0 and expanded the Electronics Components Manufacturing Scheme (ECMS) to enhance local supply chains for critical components, aiming to reduce dependency on imports from countries like China and Taiwan....