Live
- Grenade attack: Ultras arrested
- Veteran BJP leader: Advani turns 97
- SC dismisses PIL seeking CBI probe into Tirupati laddus row
- New bench to decide AMU minority status: SC
- No power can restore Article 370 in J&K: Modi
- India deserves to be on list of global superpowers: Putin
- Caste census to draw quota system based on population
- A walk to rejuvenate Musi
- Kiran Abbavaram's Hard Work Pays Off: Bunny Vasu Lauds Ka Team at Success Meet
- PM Modi’s welfare schemes transform rural lives in Bokaro, residents share gratitude
India's electronic goods exports up 16.9 pc at $2.82 bn in June
The Centre on Monday informed that electronic goods exports increased by 16.91 per cent in the month of June (year-on-year), bolstered by the production-linked incentive (PLI) scheme.
New Delhi: The Centre on Monday informed that electronic goods exports increased by 16.91 per cent in the month of June (year-on-year), bolstered by the production-linked incentive (PLI) scheme.
The exports increased from $2.42 billion in June 2023 to $2.82 billion last month, according to data shared by the Ministry of Commerce and Industry.
In April, the electronic goods exports increased by 25.8 per cent, from $2.11 billion in April 2023 to $2.65 billion this year.
Led by mobile phones, the export of electronic goods has seen a meteoric rise in the last 10 years.
The country’s electronic manufacturing is likely to reach around $250 billion in the next five years. At present, the electronic exports of the country stand at around $125 to $130 billion.
India’s domestic production has grown at a compound annual growth rate (CAGR) of 13 per cent, from $49 billion in FY17 to $101 billion in FY23.
Meanwhile, India’s total exports during the April-June quarter (Q1 FY25) is estimated at $200.33 billion registering a positive growth of 8.60 per cent. Total imports during the quarter are estimated at $222.89 billion, registering a growth of 8.47 per cent, according to the ministry.
