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International Business Newsletter-India's exports of electronic products increased by 56%

India's exports of electronic products increased by 56% in the second quarter



According to the Economic Times, India's electronic products became India's fourth largest export product in the second quarter of 2023, jumping two places and becoming the fastest-growing export product. According to the Indian Ministry of Commerce and Industry, India's electronic products exports increased by over 56% in the second quarter to 572.2024 billion rupees (about 6.978 billion US dollars), compared with 365.3318 billion rupees (about 4.455 billion US dollars) in the same period last year.


In fact, electronics is the only sector in the top five export categories that has seen growth. At current growth rates, electronics are likely to overtake gemstones and jewellery to become the country's third-largest export category in the 2023-24 fiscal year, after engineering and petroleum products, experts said.





印度二季度电子产品出口增长56%


       据《经济时报》报道,印度电子产品在2023年第二季度成为印度第四大出口产品,成为出口增长最快的产品。据印商工部数据显示,印度第二季度电子产品出口增长超56%,达到5722.024亿卢比(约69.78亿美元),而去年同期为3653.318亿卢比(约44.55亿美元)。


       而且,电子产品是前五大出口类别中唯一实现增长的行业。专家称,按照目前增速,2023—24年,电子产品很可能超越宝石和珠宝行业成为该国第三大出口类别,仅次于工程和石油产品。