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4th largest exporter of electronics in India

India has become the fourth largest sector in electronics exports, according to data released by the Ministry of Commerce. Electronics exports grew by over 56% in the April-June period, reaching Rs 57,220.24 crore, up from Rs 36,533.18 crore in the corresponding period last year. 

4th largest exporter of electronics in India
largest export in India

India 4th largest electronics exports


This growth is particularly significant as it stands out as the only sector to record growth among the top five categories of exports.

The growth in electronics exports is being driven by a number of factors, including the government's production-linked incentive (PLI) scheme, which has attracted investment from major global companies such as Samsung, Foxconn, and Pegatron. The PLI scheme provides financial incentives to companies that set up manufacturing plants in India and export a certain percentage of their output.

At present, Gold Jewellery and Navaratna Gems are the 3rd largest exporters, although there is no sign of growth in the following quarters. If it is considered that the electronics sector will advance to the 3rd position.

The growth in electronics exports is also being supported by the rising demand for electronic products in India and abroad. The Indian government is targeting to increase electronics exports to $100 billion by 2025, and the recent growth in exports is a positive sign that this target is within reach.

Here are some of the key factors that have contributed to India's growth in electronics exports:
The government's PLI scheme
The rising demand for electronic products in India and abroad
The increasing availability of skilled labor in India
The improving infrastructure in India

The growth in electronics exports is a positive sign for the Indian economy. It is a high-value-added sector that can generate employment and boost economic growth. The government should continue to take steps to support the growth of the electronics sector, such as providing financial incentives to companies that set up manufacturing plants in India and export a certain percentage of their output.
 
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