Hyderabad, Jul 19 (PTI) India’s electronics exports have soared past USD 40 billion, marking an eight-fold growth over the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday.

He also highlighted that the domestic electronics production has gone up by six times.

Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027.

Looking ahead, Vaishnaw said the first Made in India semiconductor chip, on a commercial scale, will be manufactured this year. He expressed confidence that India is on track to becoming one of the top five semiconductor nations in the world in the coming years, citing its increasing focus on capital equipment and the materials required for semiconductors.

“In just 11 years, we have increased our electronics production six times. That's a CAGR double digit which any corporate would be envious of. We have increased our exports eight times, crossed USD 40 billion exports in electronics manufacturing, which is a phenomenal pace of growth, something which very few countries of our size have ever seen,” the Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology said.

He attributed this growth to the vision of Prime Minister Narendra Modi and noted that in just about three and a half years, India could design a complete 4G telecom stack. Today, it is installed on almost 90,000 telecom towers, which is more than the network of many countries in the world. PTI GDK SJR ROH

Electronics export growth signals manufacturing scale-up and aims to establish domestic semiconductor production and chip manufacturing. India's electronics sector has rapidly expanded: exports have exceeded USD 40 billion after eight fold growth in eleven years, and domestic production has increased six fold, driven by government policy and strengthened manufacturing capacity. The domestically designed 4G telecom stack is deployed on nearly ninety thousand towers. Authorities project onshore semiconductor capability, forecasting commercial manufacture of the first Made in India chip and aiming for a leading semiconductor industry position, alongside major infrastructure projects signaling broader technological momentum.