According to Industry leaders, India’s electronic exports are expected to surge globally, driven by an ambitious mix of free trade agreements (FTAs),targeted policy interventions, and increasing investor confidence. Shiva Srinivasan, Managing Director, MEL System and Services Ltd., stated that India’s ongoing trade talks and domestic policy reforms are modifying the country’s electronic exports potential. The ongoing FTAs will increase the market for us. The government’s investment in semiconductor parks, logistics modernisations, and electronics clusters will help the industry. Giving references to India’s negotiations with the EU, ASEAN, and Latin America. These developments will help position India as a rising force in the global value chain.
Electronic exports expected to witness a substantial jump
Electronic exports are expected to witness a substantial jump. Srinivasan mentioned that outbound shipments are projected to rise to $170 billion by March 2026, an increase from 38 billion dollars in the earlier year. The long-term outlook remains even more ambitious, with the government aiming higher. According to him, the target by 2030 is to be 500 billion.
Furthermore, he cited that domestic electronics production has increased by six-fold in a decade to 11.3 lakh crore rupees, whereas exports have risen eight-fold to 3.27 lakh crore rupees since 2014-15. He told that this expansion signals India’s accelerating economic momentum. He added that a combination of the growth in the country, the overall ecosystem is good.
Government stresses on electronic sector
In addition, he stated that a major shift is the government’s stress on manufacturing-specific measures, further saying that sector-specific investments and policies are introduced by the govt. It was not so much earlier. The electronic sector was all software and other services. As the schemes accelerate production, it is working out well.
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