India's Electronics Exports Surge to $29.12 Billion in FY24
India’s electronics industry experienced a notable surge in exports, reaching $29.12 billion in fiscal year 2023-24, a substantial 23.6% increase from the previous year. This growth is particularly significant amid an overall contraction of the country’s total exports by 3%.
Commerce department officials identified the United States, United Arab Emirates, Netherlands, United Kingdom, and Italy as the top five export markets for Indian electronics goods.
During FY24, Indian electronics exports expanded into new markets such as Montenegro, Cayman Islands, El Salvador, Turkmenistan, Mongolia, Honduras, and St. Vincent, reflecting India’s increasing presence and diversification in the global market.
This impressive growth not only signifies India’s strengthening position in the global electronics market but also underscores the potential for further expansion into new and emerging markets. The diversification of export destinations showcases India’s commitment to embracing new opportunities and enhancing its global trade footprint.
The Jallianwala Bagh Massacre of 1919 is one of the most pivotal and tragic events…
There is a small and beautiful country in South Asia that is often called the…
Vishu is a major Hindu festival celebrated mostly in Kerala and parts of Tamil Nadu.…
James Anderson, England's legendary fast bowler, has been awarded a knighthood in the resignation honours…
There is a city in the Middle East that has been given a very special…
Dr. Ambrish Mithal, a renowned Indian endocrinologist, has been honored with the 2025 Committee of…