New Delhi, Jan 16 || India's electronics exports surged by 35.1 per cent to touch a two-year high of $3.58 billion in December 2024 from $2.65 billion in the same month of the previous year, reflecting the increase in foreign demand for high- value Indian goods and rising domestic production capacities, data compiled by the Commerce Ministry showed.
Commerce Secretary Sunil Barthwal said, "In December 2024, electronic goods exports have been highest so far in the last 24 months."
Electronics goods have emerged as the fastest-growing segment in India's export basket as new manufacturing capacities have come up in the country driven by the success of the Centre's production-linked incentive (PLI) scheme.
The country's electronic exports jumped by a robust 27.4 per cent to $22.5 billion in April-November of 2024-25, from $17.66 billion during the same period in 2023-24.
There has been continuous growth in the sector over the last two years as electronics exports from India to the US jumped over two-fold year-on-year to $6.6 billion during January-September 2023, industry body India Cellular and Electronics Association (ICEA) has said.
Electronic goods have now moved up to the third position among the top performers in India's export sector, next only to engineering products and petroleum, from the sixth position last year.