Electronic wearables production in India reaches Rs 8,000 crore in FY23

India manufactured wearables such as earphones and smartwatches worth Rs 8,000 crore in 2022-23, up from negligible levels in FY22, boosted by the implementation of phased manufacturing plan (PMP).

In FY24, the industry is hopeful of doubling production to Rs 15,000-17,000 crore, according to data shared with the government.