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India, a minor player in global electronics trade

With insufficient production of electronic goods, four-fifths of India’s domestic demand is met by imports. While China’s exports of electronic products have surged from $44 billion in 2000 to over $900 billion in 2021, Vietnam’s case is the most striking; India and Vietnam had similar levels of exports two decades ago.

With insufficient production of electronic goods, four-fifths of India’s domestic demand is met by imports. While China’s exports of electronic products have surged from $44 billion in 2000 to over $900 billion in 2021, Vietnam’s case is the most striking; India and Vietnam had similar levels of exports two decades ago.

While the government has announced many schemes and incentives to push production, a study by ICRIER proposes that India should adopt the mantra of “first globalise, then localise,” a strategy used by China and Vietnam. Financial Express

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