Ministry of commerce and industry has informed that India’s exports of Electronic Goods have touched USD 1.67 Billion (Bn) last month, registering a growth of 33.99% over $1.25 Bn logged in December 2020.
During April-December 2021, the Sector Exports registered a growth of 49% to USD 11.0 Billion (Provisional) over USD 7.4 Billion during same period in the year 2020. As compared to April-December 2019 (USD 8.8 Billion), exports of Electronic Goods registered a growth of 26%.
Further, the overall exports of Electronics Goods in the last Financial Year (March, 2020-April, 2021) was USD 11.11 Billion. Whereas, USD 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 Bn recorded in FY2019-20.
In India, Mobile Phones constitute a major chunk of Electronics Goods sector exports. It 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.
However, it is expected that the price of electronic goods will be increased by 5-6 percent from upcoming month because of 10-12 percent rise in input cost.