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Electronics exports surge 44% in H1

By · Published by Everything Blog

In short

Driven by rising smartphone shipments, Indian outbound tech deliveries outpaced import growth rates during the first half of the financial year. Even with this outbound momentum, inbound electronics purchases climbed 22% to $68.53 billion due to escalating chip prices. This dynamic expanded the sectoral trade deficit from $33.9 billion recorded last year to $36.57 billion. In response to these shifts, government officials confirmed they are actively monitoring supply chain vulnerabilities across essential product lines.

Key points

  • Smartphone shipments served as the primary catalyst for rapid outbound electronics growth…: Smartphone shipments served as the primary catalyst for rapid outbound electronics growth in the first half.
  • Elevated semiconductor costs elevated import spending and expanded the nation's overall e…: Elevated semiconductor costs elevated import spending and expanded the nation's overall electronics trade deficit.
  • Government officials are closely evaluating supply chain vulnerabilities across critical…: Government officials are closely evaluating supply chain vulnerabilities across critical product categories to counter market risks.

Sources checked by our analysis pipeline: 1

New Delhi: India’s electronics exports accelerated faster than its widening electronics import bill in the first half of this financial year. Surging chip prices impacted both inbound and outbound trade, prompting the government to monitor supply chain vulnerabilities across critical product lines, officials said.Sectoral exports rose 44% year-on-year to $31.9 billion in April-September due to an increase in smartphone shipments, official data

Business NewsTechTech & InternetElectronics exports surge 44% in H1, but pricier chips widen deficit

Electronics exports surge 44% in H1, but pricier chips widen deficit

Synopsis

Sectoral exports rose 44% year-onyear to $31.9 billion in April-September due to an increase in smartphone shipments, official data showed. However, electronics imports also widened 22% to $68.53 billion on account of pricier chip inflows. As a result, the absolute trade deficit in electronics stretched to $36.57 billion, up from $33.9 billion a year ago.

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