Modi praises India's electronics exports, which have risen to the third rank
By MYBRANDBOOK
The growth in electronics exports from India has brought great satisfaction, according to Prime Minister Narendra Modi. Exports of electronics are now among the top three in the world. This credit was given by Modi to creative Yuva Shakti. The Prime Minister went on to say that India is still determined to maintain this momentum in the future.
Prime Minister Modi in his tweet wrote, “This is indeed a matter of immense joy. India’s prowess in electronics is powered by our innovative Yuva Shakti. It is also a testament to our emphasis on reforms and boosting @makeinindia . India remains committed to continuing this momentum in the times to come.”
Earlier, celebrating the milestone Union Minister Ashwini Vaishnaw posted on X, “Bharat’s electronics export now among the top 3! Making in India, shipping worldwide.”
His post was accompanied by a media report attributing the surge in electronics exports to an increase in Apple iPhone exports from India.
The minister cited the media report which said that the export of Apple iPhone has boosted electronics to the third position among India’s top ten exports by the end of the first quarter (Q1) of the 2024-25 fiscal year (FY25).
Electronics exports crossed gems and jewellery, with only engineering goods and petroleum products ranking higher. In the previous fiscal year (FY24), electronics was at the fourth position in the same quarter.
Data released by the Department of Commerce indicates that electronics exports rose by 22 per cent, reaching $8.44 billion at the end of Q1 FY25, an increase of USD 1.5 billion from $6.94 billion in Q1 FY24. This growth underscores the impact of India’s focus on boosting manufacturing and exports through initiatives like “Make in India.”
The increase in electronics exports reflects India’s growing capabilities and competitive edge in the global electronics market. It also highlights the successful integration of innovative strategies and government reforms aimed at enhancing India’s manufacturing sector.
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