January 31, 2022
1 min read

India’s electronics exports up 49% in April-Dec

Electronic goods exports in December 2021 touched $1.67 billion, registering a growth of 33.99 per cent, over $1.25 billion logged in December 2020…reports Asian Lite News

India’s electronic goods exports registered a growth of 49 per cent at $11.0 billion in April-December 2021 compared to $7.4 billion during the same period in 2020, Ministry of Commerce & Industry has said in a statement.

The top five export destinations in April-November 2021 are – USA (18 per cent), UAE (16.6 per cent), China (7.6 per cent), Netherlands (4.5 per cent) and Germany (4.2 per cent).

Meanwhile, the electronic goods exports in December 2021 touched $1.67 billion, registering a growth of 33.99 per cent, over $1.25 billion logged in December 2020.

The overall electronic goods exports FY21 were $11.11 billion.

“With $11.0 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 FY 20,” the ministry added.

The electronic goods sector includes IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, auto electronics, electronic components, LED lighting, wearables and hearables, and Telecom equipments among others. Mobile Phones constitute a major chunk of India’s electronics goods exports.

The Ministry of Electronics and Information Technology (MeitY) recently released the second volume of a 5-year road map and vision document for the electronics sector; the first volume was released in November 2021.

The document lays the road map to “transform India into a $300 billion electronics manufacturing powerhouse over the next 5 years, from the current US$75 billion. This will make electronics goods among India’s 2-3 top ranking exports by 2026”.

As per the vision document, the electronics goods exports are expected to increase from the projected $15 billion in 2021-22 to $120 billion by 2026.

ALSO READ-Apple, Samsung to manufacture $5 billion worth smartphones under PLI scheme

Previous Story

Apple announces major update to watchOS 8

Next Story

Google helps 10 million people and businesses

Latest from India News

Vance Defends US Sanctions, Tariffs on India

Vance said the Trump administration is making it harder for Moscow to profit from its oil economy through measures that include tariffs on India….reports Asian Lite News US Vice President JD Vance

Fiji PM Rabuka Begins First India Visit

The visit comes just weeks after India and Fiji held the 6th round of Foreign Office Consultations (FOC) in Suva, Fiji, in July 2025….reports Asian Lite News Fiji’s Prime Minister Sitiveni Ligamamada

Modi all set for Japan, China visits

By travelling to both Tokyo and Tianjin within the span of a week, Modi is set to balance strategic partnerships with Japan and cautious engagement with China – two relationships that will
Go toTop

Don't Miss

German Chancellor may visit India twice in 2023

The German Chancellor, during Prime Minister Narendra Modi’s visit to

Indian-American launches Congressional bid in Illinois

Bhatia, a Democrat, says he is running for the US