India's electronics exports increase 23.6% to US$ 29.12 billion in FY24

In the fiscal year 2024, India witnessed a significant rise in the export of electronics goods, reaching a notable value of US$ 29.12 billion. This marks a remarkable growth of 23.6% compared to the previous year despite an overall contraction of 3% in the country's total exports. According to officials from the commerce department, the United States, United Arab Emirates, Netherlands, United Kingdom, and Italy emerged as the top five export markets for Indian electronics goods during this period, indicating diverse global demand for India's electronic products.

Moreover, the fiscal year 2024 saw Indian electronics exports branching out into new markets, reflecting the country's expanding global footprint in this sector. Emerging destinations for Indian electronics goods included Montenegro, Cayman Islands, El Salvador, Turkmenistan, Mongolia, Honduras, and St Vincent.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.