India’s GDP growth is intimately tied to reducing imports and boosting exports. The “Make in India” campaign, bolstered significantly by the Production-Linked Incentive (PLI) scheme, plays a pivotal role in this strategy. In line with these efforts, the Government of India has recently rolled out initiatives aimed at promoting domestic manufacturing, with a particular emphasis on diminishing the import of electronic items. This analysis thoroughly examines our current status and progress in this area. Aligning with these goals, I will undertake a comprehensive exploration of various facets of India’s electronics trade, scrutinizing our position and advancement across multiple dimensions. This deep dive will include a detailed evaluation of data across different parameters – including countries, products, and various metrics such as value, quantity, and rates. So, let’s delve into this analysis without further delay.
India’s Trade Trends: A Closer Look
The charts provided offer a detailed view of India’s cumulative export and import trends for the top 10 principal commodities up to October 2023.
