India, Jan. 28 -- 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 Presid...