India’s Leading Electronics Exporter in 2025 - Who Tops the List?

Key Takeaways

• The highest‑valued electronics exporter from India in FY 2023‑24 is Samsung India with about $5.8 billion in overseas sales.
• Foxconn India, Dixon Technologies, Bharat Electronics Limited (BEL) and Wistron round out the top five by export value.
• Exports are measured under HS‑code 85 (electrical machinery, equipment and parts) and reported by the Ministry of Commerce & Industry.
• Government schemes like Make in India, the Merchandise Exports from India Scheme (MEIS) and GST reforms have powered the growth.
• Investors should watch product mix, destination diversity and compliance with the Export Promotion Council for IT & EPE (ECITE).

Why India’s Electronics Export Landscape Matters

India moved from a net importer of finished electronics to a net exporter in the last decade, thanks to a mix of policy support, a huge labor pool and the willingness of global OEMs to set up fabs on Indian soil. In FY 2022‑23 the country shipped $55 billion worth of electronic goods, a 12 % jump from the previous year. The momentum kept climbing in FY 2023‑24, reaching a historic $63 billion, according to the Ministry of Commerce & Industry.

Export growth is not just about numbers; it signals a shift in the global supply chain. When Indian factories produce more finished smartphones, tablets and consumer‑electronics components, Western and Asian buyers gain a new reliable source, reducing over‑dependence on China.

How Exporters Are Ranked

To answer the question “who is the top exporter of electronics in India?” we rely on the official export data published by the Ministry of Commerce & Industry under the Foreign Trade Statistics (FTS) portal. The ranking follows three core criteria:

1. Export value (USD) for HS‑code 85 - the total FOB (free on board) value of shipments logged for the fiscal year.
2. Consistency across the two most recent fiscal years - companies that post growth in both FY 2022‑23 and FY 2023‑24 earn a stability bonus.
3. Product diversification - firms that ship a mix of consumer, industrial and defense electronics score higher in the composite index.

Data for FY 2023‑24 (the latest complete year) are used as the primary indicator, with FY 2022‑23 as a sanity check.

The Clear Front‑Runner: Samsung India

Samsung India is a subsidiary of the South Korean conglomerate Samsung Electronics, operating three major manufacturing complexes in Noida, Indore and Tamil Nadu. In FY 2023‑24 it exported $5.8 billion worth of smartphones, tablets, memory chips and display panels. The company’s export destinations are spread across the United States (28 %), Europe (22 %), the Middle East (15 %) and Southeast Asia (12 %).

Key drivers for Samsung’s dominance include:

• State‑of‑the‑art 300‑mm wafer fabs that meet global quality standards.
• Deep integration with the local supply chain - dozens of Indian component makers feed Samsung’s assembly lines.
• Strong R&D investment - the Noida campus houses a $150 million research hub focused on 5G and AI‑enabled devices.

Samsung’s export value accounts for roughly 9 % of India’s total electronics export basket, making it the single biggest exporter by a wide margin.

Close Contenders

While Samsung leads, four other players consistently appear in the top‑five list.

Foxconn India is the Indian arm of Taiwan’s Foxconn Technology Group, primarily known for assembling iPhones and other flagship smartphones.

Export value in FY 2023‑24: $4.3 billion. Main products are iPhone models, iPad tablets and a growing line of smart‑home devices. Key markets are the United States, Europe and Japan.

Dixon Technologies is an Indian‑owned contract manufacturer specializing in consumer electronics, LED lighting and medical devices.

Export figure: $2.9 billion. The company ships LED TVs, set‑top boxes and portable medical monitors to the UAE, Saudi Arabia, the United Kingdom and African nations.

Bharat Electronics Limited (BEL) is a government‑owned defense electronics manufacturer.

Export value: $1.4 billion, largely from radar systems, secure communication gear and aerospace components. Main buyers are ASEAN defence ministries and African armed forces.

Wistron operates a large assembly plant in Chennai, assembling laptops, networking gear and IoT modules for global brands.

Export revenue: $1.2 billion. Destinations include the United States, Canada and several European Union members.

Comparison Table of the Top Five Exporters (FY 2023‑24)

Policy Framework Fueling Export Growth

The Indian government’s "Make in India" drive, launched in 2014, set a target of $100 billion in electronics exports by 2025. While the target is still a few years away, the policy mix has been decisive:

• MEIS & SEIS incentives: 5‑10 % rebate on export duties for eligible units.
• GST simplification: A uniform 18 % rate on most electronic goods reduces compliance costs.
• Export Promotion Council for IT & EPE (ECITE) provides market intelligence and helps firms navigate certification hurdles.
• Customs duty exemptions for raw materials used in high‑tech assemblers encourage local sourcing.

The Ministry of Commerce & Industry (Ministry of Commerce & Industry) publishes the quarterly export data that power the rankings above.

Challenges Ahead

Even with strong backing, the sector faces headwinds:

• Global chip shortage: Limited wafer supply can bottleneck smartphone assembly.
• Infrastructure gaps in logistics and power reliability, especially in tier‑2 cities.
• Talent churn: While labor is abundant, retaining skilled engineers remains a challenge.
• Geopolitical risks affecting export markets, particularly the US‑China trade tension.

Companies that diversify destination markets and invest in in‑house component design are better positioned to weather these shocks.

Investor’s Quick Checklist for Indian Electronics Exporters

• Verify export values via the Ministry’s FTS portal (last two fiscal years).
• Assess product mix - high‑margin consumer tech vs. defense contracts.
• Check compliance with ECITE certifications (e.g., ISO 9001, IEC 60950).
• Review ownership structure - foreign‑owned firms may bring technology, Indian‑owned firms often enjoy local incentives.
• Map export destinations - a broader geographic spread reduces geopolitical exposure.

Future Outlook (2025‑2027)

Analysts at the Confederation of Indian Industry (CII) project a 9 % CAGR for electronics exports through 2027, driven by 5G rollout, electric‑vehicle electronics, and increased demand for renewable‑energy components. If the current top exporters maintain their investment momentum, Samsung India could surpass $7 billion in annual exports by FY 2026‑27, widening the gap further.

For emerging players, carving a niche in specialized sectors-such as medical wearables or aerospace avionics-offers a viable route to the top‑ten list.