New Delhi: India’s export of electronic goods rose by almost 88 per cent from US $ 6600 million in 2013-14 to US $ 12,400 million in 2021-22. Mobile phones, IT hardware like laptops, tablets, consumer electronics like TV and audio, industrial electronics and auto electronics are key exports in this sector.

India has been seeing consistent growth in exports. It may be noted that India’s merchandise export in January 2022 increased by 23.69 per cent to US $ 34.06 billion over US $ 27.54 billion in January 2021, recording an increase of 31.75 per cent over US $ 25.85 billion in January 2020.

India’s merchandise export in 2021-22 (April-January) rose by 46.53 per cent to US $ 335.44 billion over US $ 228.9 billion in 2020-21 (April-January), marking an increase of 27 per cent over US $ 264.13 billion in 2019-20 (April-January).

The National Policy on Electronics 2019 (NPE 2019) aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components and creating an enabling environment for the industry to compete globally.

Four schemes namely the Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), Modified Electronics Manufacturing Clusters Scheme (EMC 2.0) the Production Linked Incentive Scheme (PLI) for IT Hardware have been introduced to give boost to the electronics sector and establish the necessary ecosystem. /BI/