India’s Electronics Exports Surge Amidst Trade Deficit Challenges
India’s electronics exports continue to rise, bolstering overall export performance despite a widening trade deficit. In January 2025, the country’s merchandise exports stood at $36.43 billion, with electronics goods emerging as a key driver, alongside pharmaceuticals and agricultural products like rice, according to Trade Secretary Sunil Barthwal.
The government has prioritized boosting electronics manufacturing and exports, supported by initiatives like the Production-Linked Incentive (PLI) scheme and strategic trade partnerships. India’s electronics sector has witnessed a steady increase in global demand, with key markets including the United States and Europe. The sector’s growth is further fueled by the shift towards domestic production under the “Make in India” initiative, reducing dependency on imports.
While merchandise imports stood at $59.42 billion in January, India’s trade strategy also focuses on securing beneficial trade agreements. Strengthening ties with the U.S. remains a priority, with India committing to increased purchases of American industrial goods and energy resources. The trade talks also aim to reduce tariff barriers, facilitating a smoother exchange of goods between the two nations.
With India’s electronics sector poised for further expansion, government policies and global demand are set to play a crucial role in sustaining this upward trend in exports.
Source: Business Standard
