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Date: 27/12/2024

Electronics currently the fastest-growing among India’s top-10 exports this fiscal

India’s electronics exports have reached $22.5 billion in value in the first eight months of the current financial year (FY25), a near 28% growth over the $17.66 billion during the corresponding period of FY24. This record performance makes electronics the fastest-growing among India’s top-10 exports in FY25. Electronics, which was ranked 6th at the end of the first eight months of FY24, is now firmly entrenched in the 3rd position, only behind engineering goods and petroleum. The main driver behind this massive surge has been the smartphone production linked incentive (PLI) scheme, which has led to smartphone exports reaching $13.11 billion in the first eight months. This is a whopping 45% increase over the exports of $9.07 billion during the same period of FY24. It is expected that smartphones’ contribution to the overall electronics exports could reach 60-65% by the end of FY25, said a report.
 
source: Exim News Service: New Delhi, Dec. 26



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