With the production-linked incentive (PLI) scheme now over, India’s electronics trade has pitched a recent growth plan, looking for continued authorities assist because it eyes a robust leap in manufacturing and exports over the following 5 years. During discussions with the ministry of electronics and IT (MeitY), the trade stated that by FY31, India might seize 30–35% of global mobile production. This would take annual output to $110–130 billion, with exports estimated at $55–70 billion. At current, in response to ET, India accounts for about 15% of global mobile cellphone production, with manufacturing output exceeding $64 billion. Industry executives stated the present production-linked incentive (PLI) scheme has performed a key function in this progress. With the scheme set to finish on March 31, firms are pushing for a brand new model to maintain the momentum going. Talks are underway on a proposed PLI 2.0 scheme, which is prone to run from 2026 to 2031. Government officers stated a brand new incentive programme is being thought-about, although particulars haven’t but been finalised. The trade has additionally shared a roadmap with the federal government to satisfy production and export targets by FY31. “With a strong foundation, we have an opportunity to achieve 30-35% of global mobile production in the next five years,” Pankaj Mohindroo, chairman of India Cellular and Electronics Association (ICEA), advised ET. “To realise this ambition, it is critical to sustain the current momentum and continue investments. We are actively engaging with the government to shape the next phase of this growth journey.” Industry gamers stated rising India’s global share would assist strengthen the availability chain, deepen the manufacturing ecosystem and assist analysis and improvement at scale. One govt stated scale is extra vital than worth addition alone for long-term sustainability. The authorities can be inspecting how a lot home worth addition ought to be required for incentives and the way exports could be elevated with out breaching World Trade Organization norms. Experts stated the expansion in production will rely largely on exports, as home demand is predicted to weaken. India’s smartphone market might shrink by greater than 13% this yr as a result of rising reminiscence prices, which can push machine costs up by 15–40%, in response to an earlier report. Data from the commerce ministry confirmed smartphone exports rose 47.4%, from $20.44 billion in 2024 to $30.13 billion in 2025. The United States accounted for $19.7 billion, or 65% of whole exports. Meanwhile, China’s smartphone exports fell from $132.6 billion to $120.6 billion throughout the identical interval, with shipments to the US declining sharply as a result of fentanyl-related tariffs. India’s tariff benefit in the US market has narrowed after the US Supreme Court struck down sweeping global tariffs imposed by the Trump administration. China continues to have a bonus as a result of its sturdy provide chain and superior manufacturing capabilities, whereas India remains to be growing these.