Electronics is fast emerging as India's top export.
Electronics goods manufactured in India have become India's key exports in very less time. Some Amazing Facts About India Electronics Exports in Q1 of FY24
1?? Electronics exports reached ?57,220 crore in Q1 of FY24. It was ?36,533 crore in Q1 of FY23.
2??With 56% growth over the last year (Q1 to Q1), Electronics is the fastest growing export segment of India.?
3?? Electronics is the only sector that recorded growth during Q1 of FY24 from the top five exports of India.?
4?? Electronics exports have overtaken Pharma exports to become India’s 4th largest export and rapidly closing gap (gap of ?4660 crore) with Gems and Jewellery segment to soon become the 3rd largest exports of India. Engineering goods and petroleum products are top two exports of India.
5?? Mobile phone exports are the biggest contributor among electronics exports. Mobile phones contributed 52% of total electronics exports of India.?
6?? Apple’s iPhones constituted 35% of the total electronics exports and 66% of total mobile exports in Q1 of FY24.
Source: The Economic Times of 24.07.2023
Senior Advisor KPMG & Former Member , Government of India at NIELIT, National Institute of Electronic and Information Technology, Ministry of IT
1 年Great collation of data points backed by facts
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