India’s share of electronics exports rose in FY24, driven by Apple, says Eco Survey

India's electronics exports reached 6.6% in FY24, driven by smartphone manufacturing and the PLI scheme, as per the Economic Survey 2023-24. With Apple's $14 billion production and Foxconn's operations in Karnataka and Tamil Nadu, US exports created an $8.7 billion trade surplus. Domestic production hit Rs 8.22 lakh crore in FY23, contributing 4% to GDP, increasing female employment, and enhancing India's 3.7% global market share in electronics.