Indian Economy News

India electronics exports to US jump over two-fold to USD 6.6 bn in Jan-Sep 2023: ICEA

  • IBEF
  • January 15, 2024

During January-September 2023, India's electronics exports to the US surged over two-fold, reaching an unprecedented US$ 6.6 billion, marking a significant increase from the US$ 2.6 billion recorded in the same period the previous year. This notable growth underscores a shift in the US market, as the share of electronics imported from China has declined. The bilateral electronics trade between India and the US has witnessed an impressive 84% rise, totaling US$ 9 billion, showcasing the robust momentum in this sector. The Indo-US Task Force for Electronics, launched by ICEA in August 2023, aims to propel the bilateral electronics trade to an ambitious US$ 100 billion within a decade.

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