Electronics exports of India have risen to $3.58 billion in December 2024. This data was presented in the parliament by the Commerce Ministry. Rise in electronics exports has marked the highest level of shipments in the last 24 months.
Electronics exports Growth
Among the top performers in India’s export sector, electronic goods have raced ahead to the third position. The only sectors ahead of electronics is the engineering products and petroleum. Additionally this is a great achievement keeping in mind that electronic goods were at sixth position last year.
The data by commerce ministry also stated there was a jump in the country’s electronic exports in November of 2024-25. Exports rose by a significant 27.4 per cent to $22.5 billion from $17.66 billion. This is against April-November of 2023-24.
Electronics exports Official Stance
Electronics Minister Ashwani Vaishnaw has termed the semiconductor industry a “foundational industry” for India’s domestic manufacturing goals
Commerce Secretary Sunil Barthwal said there has been a consistent growth in exports of engineering and electronics. He added in December 2024, electronic goods exports have been highest so far in the last 24 months.
Electronics exports have touched a two-year high of $3.58 billion in December 2024. This is compared to $2.65 billion in December 2023. Commerce Ministry data shows increase in foreign demand for high- value Indian goods and rising domestic production capacities.
Growth Reasons
One of the primary reasons for rising electronics exports is Apple’s entry into India. The entry was assisted by its vendors Foxconn, Pegatron, and Tata Electronics. This c
Within the this sector smartphone have recorded a 45 per cent increase in exports as leading players such as Apple and Samsung expand production in the country. The PLI scheme and quick clearances by the government are proving to be a major success as global giants look beyond alienated China to set up alternative supply chains.
The rapid investment growth in India Semiconductor Mission (ISM) is another reason for growing electronic exports. The government has recently approved a proposal by Kaynes Semicon to set up a semiconductor unit in Sanand, Gujarat.
This proposal will bring an investment of Rs 3,307 crore. This is the fifth semiconductor unit to be approved and the second to be set up in Sanand. It brings the total investment to Rs 1,52,307 crore ($18.15 billion).
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