New Delhi: Electronic goods exports from the country surged by16.91 per cent in June (year-on-year). The exports increased from $2.42 billion in June 2023 to $2.82 billion in June 2024.
In April, electronic goods exports increased by 25.8 per cent, from $2.11 billion in April 2023 to $2.65 billion this year (2024). Led by mobile phones, the export of electronic goods has seen a meteoric rise in the last 10 years.
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The country’s electronic manufacturing is likely to reach around $250 billion in the next five years. At present, the electronic exports of the country stand at around $125 to $130 billion.
India’s domestic production has further grown at a compound annual growth rate (CAGR) of 13 per cent, from $49 billion in FY17 to $101 billion in FY23.
Meanwhile, India’s total exports during the April-June quarter (Q1 FY25) are estimated at $200.33 billion registering a positive growth of 8.60 per cent. Total imports during the quarter are estimated at $222.89 billion, registering a growth of 8.47 per cent.
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