India’s electronic goods exports grew 49% in April-December 2021 at $11 billion over $7.4 billion during same period last year with the US and the UAE being the top two destinations, commerce and industry ministry said on Thursday.
The overall exports of electronics goods in FY21 were $11.11 billion.
“With $11 billion exports achieved in the first three quarters of FY22, the sector is set to break all-time record highs, far exceeding the previous high of $11.7 billion recorded in FY20,” the ministry said in a statement.
In December 2021, electronic goods exports touched $1.67 billion registering a growth of 33.99% over $1.25 billion logged in December 2020.
As per the statement, the top five export destinations in April-November 2021 were the US with 18% share, the UAE with 16.6% of all exports, followed by China, the Netherlands and Germany at 7.6%, 4.5% and 4.2%, respectively.
Mobile phones constitute a major chunk of the country’s electronics exports. The sector includes IT Hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, auto electronics, electronic components, LED lighting, strategic electronics, PCBA, wearables and hearables, and telecom equipment.
Source:economictimes.com