India’s Electronics Exports Skyrocket 47% in Q1

India’s electronics sector has registered a phenomenal 47% increase in exports during the first quarter of the year, signaling a significant boost to the nation’s economy. This impressive growth underscores India’s strengthening position as a key player in the global electronics market.

Where are these electronics going?

The majority of these exports are heading to three major markets:

United States

The United States maintains its position as India’s leading export destination for electronics, accounting for a dominant 60.17% share of the total exports. This robust trade relationship highlights the strong demand for Indian electronics in the American market.

United Arab Emirates and China

Following the US, the United Arab Emirates captures 8.09% of India’s electronics exports, with China close behind at 3.88%. These figures demonstrate the growing importance of these markets for Indian electronics manufacturers.

Other Key Markets

Other notable destinations for Indian electronics exports include the Netherlands (2.68%) and Germany (2.09%), further diversifying India’s export portfolio.