PWG Business News: Your Gateway to Market Intelligence
PWG Business News is committed to providing real-time updates and expert-driven insights across various industries, including technology, healthcare, finance, energy, automotive, and consumer goods. We deliver carefully curated news, financial reports, and research-based updates, helping businesses and professionals stay informed and competitive in today’s dynamic business environment.
Our News section covers industry-shaping events such as market expansions, new product launches, mergers and acquisitions, policy shifts, and corporate earnings, offering a strategic advantage to decision-makers seeking actionable intelligence. By bridging industry leaders, stakeholders, and professionals with data-driven content, we empower our audience to navigate the complexities of the global market with confidence.
PWG Business News: Keeping You Ahead in the Business World
At PWG Business News, we deliver timely and credible business news, covering global market trends, economic shifts, and emerging opportunities. With comprehensive coverage spanning healthcare, technology, telecommunications, utilities, materials, chemicals, and financials, our platform provides accurate, well-researched insights that drive success for executives, investors, and industry professionals alike.
Whether you're tracking regulatory updates, innovation trends, or strategic collaborations, PWG Business News ensures you have access to high-quality, data-backed reports that enhance brand visibility, credibility, and engagement. Our mission is to keep you ahead by serving as your trusted source for impactful industry news and market intelligence.
Stay informed with PWG Business News – your gateway to the insights that shape the future of business.
Information Technology
In a significant achievement, India's electronics exports are poised to cross the Rs 3 lakh crore mark for the first time in FY25, marking a major milestone in the country's manufacturing sector. This surge is largely driven by the robust growth in smartphone exports, especially from global giants like Apple, who have increasingly chosen India as a manufacturing hub.
During the first 11 months of FY25, electronics exports reached an impressive Rs 2.87 lakh crore, reflecting a 35% increase from the same period in the previous fiscal year, which saw exports of Rs 2.11 lakh crore[1][2]. This growth is even more remarkable given that overall merchandise exports have remained flat. The success of the Production-Linked Incentive (PLI) scheme, implemented in 2021, has been instrumental in attracting foreign investments and boosting domestic manufacturing[1][2].
Smartphones have emerged as the top contributor to electronics exports, with shipments valued at Rs 1.75 lakh crore in the April-February period of FY25. This represents a 54% jump over the same period in FY24[2]. Apple's iPhone exports alone accounted for Rs 1.25 lakh crore, constituting 43% of total electronics exports and a staggering 70% of all smartphone exports during this period[1][2].
The PLI scheme has not only increased exports but also significantly reduced imports by meeting 99% of domestic demand through local production[2]. This shift has been bolstered by companies like Foxconn and Pegatron, which have set up manufacturing facilities in India, further enhancing the country's stature as a key player in global electronics manufacturing.
The electronics sector has rapidly climbed the export rankings, moving from fifth to third place behind engineering goods and petroleum[1]. This advancement is attributed to the sector's impressive growth while other categories like petroleum have faced declines[1].
To further strengthen India's electronics ecosystem, the government has approved a Rs 22,919 crore scheme for electronics component manufacturing. This initiative aims to create a robust supply chain, attract large investments, and increase domestic value addition[4]. The scheme is expected to generate employment for 91,600 people and attract investments worth Rs 59,350 crore over a six-year period[4].
India's journey towards becoming a leading electronics exporter is marked by strategic policy interventions and a favorable business environment. As the sector continues to grow, it will be crucial for policymakers to maintain momentum by addressing emerging challenges and expanding the domestic electronics ecosystem through initiatives like the component manufacturing scheme.
