India’s electronics exports witnessed a significant increase, reaching $29.12 billion in the fiscal year 2023-24 (FY24), marking a notable surge of 23.6% compared to the previous year. This growth occurred amidst a 3% contraction in the country’s total exports. Commerce department officials revealed that the United States, United Arab Emirates, Netherlands, United Kingdom, and Italy emerged as the top five export markets for Indian electronics goods.In addition to the traditional export destinations, India also expanded its presence in new markets during FY24.
India’s electronics exports increase 23.6% to $29.12 billion in FY24
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