Retaining its spot as the second largest global smartphone manufacturer, India’s smartphone  exports crossed INR 1 Lakh Cr in the first five months of FY26, President Droupadi Murmu said today, while addressing the first sitting of the Budget session FY26. Murmu said India’s electronics manufacturing has expanded rapidly over the last decade, with total electronics production increasing sixfold to INR 11 Lakh Cr. Under the production-linked incentive (PLI) scheme, investments worth around INR 2 Lakh Cr have been attracted so far, resulting in production worth over INR 17 Lakh Cr. She noted that electronics manufacturing alone has created more than 25 Lakh jobs over the last 11 years. On the automotive front, the President said India’s entry into electric vehicle exports marks a shift from being a largely domestic-focused market to a global supplier, with EVs now being shipped to over 100 countries. In her address, the President said India’s manufacturing sector has seen record growth over the past year, supported by rising domestic production, exports and policy-led incentives. Beyond tech exports, the President also informed the Parliament that India’s food grain production touched over 350 Mn tonnes as well as 150 Mn tonnes to become the largest rice-producing country…  ​Read MoreInc42 Media

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