![]() ![]() Nonetheless, within the India export basket, exports of high-technology goods-including electronics, engineering and pharmaceuticals products-have been growing fairly fast in the last few years. ![]() Much of this was gained by peer nations like Vietnam, Malaysia and Mexico. During this time, electronics exports from China fell $29 billion as a consequence of the penalty imposed by the US. Despite the US imposing a punitive 25% duty on imports of Chinese electronics, India appears to have missed out on the opportunity because its share in that market was just 0.8% in 2022.Īccording to the Indian Cellular Electronic Association (ICEA), India’s electronics exports to the US, in absolute terms, went up by a mere $3.2 billion between 20, to $4.5 billion. At the same time, the exports of electronics to the US have been somewhat disappointing. In the past few years, exports of smart-phones, including Apple iPhones, have registered a brisk pace of growth, driving up electronics exports. By one estimate, this category alone contributed around 30% of the total growth in exports last fiscal, and was the sixth-biggest item in the export basket. At $25.3 billion, India’s exports of electronics goods saw a big jump of 49% in FY23, a year in which total exports rose by just 6.5%.
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