New Delhi, Feb. 14 -- The electronics sector has emerged as India's second-largest export segment after petroleum products, but sustaining this momentum will require a shift from assembly-led growth to deeper component manufacturing and a stronger integration into global value chains for higher value goods, Niti Aayog said in the sixth edition of its Trade Watch Quarterly (Q2 FY26) on Friday.

India's electronics exports grew at a compound annual growth rate (CAGR) of 17.2% between 2015 and 2024, far outpacing global electronics trade growth of 4.4%. The sector's shipments rose from $8.6 billion in 2015 to $42 billion in 2024, and now account for 10% of India's total export basket.

The government's apex think tank said the electronics in...