Business
India's Electronics Goods Exports Rise By 49 Per Cent To $11 Billion In April-December 2021
Smartphone assembly in India - Representative Image (@AmitHPanchal/Twitter)
India’s exports of electronic goods touched $1.67 billion in December 2021, registering a growth of 33.99 per cent over $1.25 billion logged in same month in 2020.
Furing April-December 2021, the sector exports registered a growth of 49 per cent to $11.0 Billion (Provisional) over $7.4 billion during same period in the year 2020, an official release said on Thursday (27 January).
As compared to April-December 2019 ($8.8 billion) and April-December 2014 ($4.8 billion), exports of electronic goods registered a growth of 26 per cent and 131 per cent respectively, the Commerce Ministry said in a release.
According to the ministry, as per the latest available data, the top five export destinations in April-November 2021 in terms of share percentage are USA with a share of 18 per cent, followed by UAE (16.6 per cent), China (7.6 per cent), Netherland (4.5 per cent) and Germany (4.2 per cent).
Mobile phones constitute a major chunk of India’s Electronics Goods sector exports.
The electrnonics goods sector includes IT Hardware (laptops, tablets), Consumer electronics (TV and audio), Industrial electronics, Auto electronics, Electronic components, LED Lighting, Strategic electronics, PCBA, Wearables and hearables, and Telecom equipment.
The overall exports of Electronics Goods in the last Financial Year (March, 2020-April, 2021) was $11.11 billion, and with $11.0 billion exports achieved in the first three quarters of FY2021-22, the sector is set to break all-time record highs, far exceeding the previous high of $11.7 billion recorded in FY2019-20, the ministry said.
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