India's electronics industry is surging

Electronics manufacturing—the business of building mobile phones, televisions and other gadgets—is thriving in India. The value of electronics it produced rose from $37bn to $105bn (3% of gdp) between the fiscal years ending in March 2016 and March 2023 (see chart). The government wants to triple this again by fiscal 2026. Although India’s production of electronics accounts for just 3% of the global total, its share is growing faster than any other country’s