India's electronic goods exports rise by 42%

New Delhi, Jul 22: The country's electronic goods exports surged about 42 percent to nearly Rs 1.17 lakh crore in the last fiscal, the government informed Parliament today. The country has witnessed a huge jump in both manufacturing and exports of electronic goods in the last five years, Minister of state for electronics and IT Rajeev Chandrasekhar said in a written reply to the Lok Sabha.

 

 

 

"The export of electronic goods has substantially increased in the period 2017-18 to 2021-22 with a compound annual growth rate of 29 percent whereas the production has grown with a compound annual growth rate of 17.9 percent," he said.

 

 

 

As per the data shared by the government in Lok Sabha, India's electronics export was Rs 81,822 crore in 2020-21, which surged to Rs 1,16,894 crore in 2021-22. Similarly the electronics production in the country also grew from Rs 5,33,550 crore in 2019-20 to Rs 5,54,461 crore in 2020-21 . The minister also shared details of various schemes, including a production-link incentive scheme for large-scale electronics manufacturing, a phase manufacturing program, an electronic development fund, etc.

 

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The minister also shared details of various schemes, including a production-link incentive scheme for large-scale electronics manufacturing, a phase manufacturing program, an electronic development fund, etc.