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Date: 18/10/2024

Electronics exports surge by 21.8 pc in Apr.-Aug.
 
Electronics exports grew by 21.8 per cent between April and August in 2024-25 (FY25) compared to the same period last year, reaching $13.57 billion on the back of mobile devices and Apple Inc’s iPhone vendors. This made electronics the fastest-growing commodity among the top 10 merchandise exports from the country. The importance of electronics exports is underscored by the fact that overall exports of the top 10 commodities grew by only 1 per cent during the first five months of FY25, totalling $145.87 billion. A prime mover in this growth is Apple Inc. and its three vendors in India: Foxconn, Tata, and Pegatron. Collectively, these vendors contributed 67 per cent of total mobile device exports in the first five months of FY25. They also comprised 37 per cent of total electronics exports during this period, as per a report.
 
Source: Exim News Service: New Delhi, Oct. 17



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