India's Import Of Mobile Phones, Laptops And PCs From China Declined in FY 2022-23
1 year, 7 months ago

India's Import Of Mobile Phones, Laptops And PCs From China Declined in FY 2022-23

ABP News  

India's imports of electronic goods such as laptops, personal computers, integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. However, import of lithium-ion batteries surged about 96 per cent to $2.2 billion last fiscal year, it said adding the adoption of electric vehicles may increase such imports steeply. Secondly, India's total goods imports from China grew at a lower rate of 4.2 per cent during FY23, compared to global imports, which grew at a higher rate of 16.1 per cent," GTRI co-founder Ajay Srivastava said. Lastly, China's share in India's merchandise import decreased from 16.4 per cent in FY18 to 13.8 per cent in FY23, a decline of 15.7 per cent. It also said China's share in India's merchandise imports decreased from 16.4 per cent in 2017-18 to 13.8 per cent in 2022-23.

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History of this topic

India’s imports rises to 27%, touches to record high of almost $70 billion
1 week, 1 day ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year
1 week, 2 days ago

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year

Firstpost  

India’s smartphone PLI scheme has been a game-changer, transforming the sector from the country’s 23rd-ranked export in 2019 to the third-largest individual commodity export today Apple emerged as the frontrunner in November, with exports worth Rs 14,000 crore, the highest ever for the company in India. Image Credit: Reuters India’s smartphone exports have reached an unprecedented milestone, crossing the Rs …

India faces high exposure to US trade policy shift
2 weeks, 5 days ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 4 days ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

India-China trade: An alarming $18 billion discrepancy
3 weeks, 6 days ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

India unveils $5 billion plan to strengthen domestic electronics component production
1 month ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

India’s trade deficit with China soars during April-October despite import curbs
Trending News
1 month, 1 week ago

India’s trade deficit with China soars during April-October despite import curbs

Live Mint  

New Delhi: India’s merchandise trade deficit with China has risen 13% during the first seven months of the current fiscal year, despite government measures aimed at cutting reliance on the Asian manufacturing major and restrictions on import of certain products from the country. India's goods trade deficit with China widened to $57.83 billion during April-October from $51.12 billion a year …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent
1 month, 2 weeks ago

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent

Live Mint  

Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies. “Mr Trump in his election rallies and speeches has been talking about imposition of tariffs on our neighbours, which I am sure will make a lot of …

India-China Border Deal: A Long-Overdue Resolution
2 months ago

India-China Border Deal: A Long-Overdue Resolution

News 18  

Prime Minister Narendra Modi and Chinese Premier Xi Jinping will hold first bilateral talks in five years on Wednesday on the sidelines of the 16th BRICS Summit in Russia. Both countries reached an agreement to resume border patrolling operations along LAC following the disengagement process along the disputed areas.

‘About $4 bn imports so far under new import system’
3 months, 3 weeks ago

‘About $4 bn imports so far under new import system’

The Hindu  

With the deadline to review the ‘import management system’ for laptops and other IT products nearing, the firms which received authorisations have imported products worth more than $4 billion this fiscal, an official said seeking anonymity. They sought permission for IT hardware imports worth almost $10 billion, on the scheme’s first day. The new licence regime is applicable to laptops, …

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
3 months, 3 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

India’s Trade Deficit Widens to $23.5B in July
4 months, 1 week ago

India’s Trade Deficit Widens to $23.5B in July

Deccan Chronicle  

Chennai: India's trade deficit widened to $23.50 billion in July as exports dipped 1.4 per cent and imports grew 7.5 per cent. However, combined exports of merchandise and services registered a growth of 2.8 per cent and the ministry expects this year’s combined exports to be higher than last year’s. Merchandise exports in July this year dipped by 1.4 per …

Is India ready to welcome Chinese capital again?
4 months, 2 weeks ago

Is India ready to welcome Chinese capital again?

New Indian Express  

The Economic Survey for 2023-24 sprang a surprise by making a strong pitch for Chinese investments in India, indicating a turn from the government’s anti-China stance of the past four years during which relations hit a new low. Though the Survey’s views are attributed to the chief economic advisor, the finance minister subsequently lent support, signalling a clear policy shift. …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
5 months ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu  

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
5 months ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data
5 months, 1 week ago

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data

India TV News  

The government of India on Monday released data on the exports by the nation in the month of June. According to the data, India's merchandise export in June increased by 2.56 per cent to $35.32 billion compared to $34.32 billion in June last year. In May, the country's merchandise exports increased by 9.1 per cent and reached USD 38.13 billion, …

Rising domestic solar cell production will curb imports from China
5 months, 4 weeks ago

Rising domestic solar cell production will curb imports from China

Hindustan Times  

India expects a surge in domestic solar cell-making capacity in the coming months, which will help reduce its dependence on imported materials from China to manufacture solar panels, the country’s top renewable energy official said. A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat The nation’s cells …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

India's Toy Import Curbs Yield Success, Exports Stagnate
7 months, 1 week ago

India's Toy Import Curbs Yield Success, Exports Stagnate

Deccan Chronicle  

Chennai: The government measures to curb the inflow of substandard products have successfully reduced toy imports. India's toy imports decreased drastically from $304.1 million in FY2019 to US$ 64.9 million in FY2024. Further, the share of imports from China dropped from 87 per cent of India's total toy imports in FY2019 to 64 per cent in FY2024. While the curbs …

Apple shows the way for electronics exports
8 months, 1 week ago

Apple shows the way for electronics exports

Hindustan Times  

At $10 billion in FY24, exports of India-assembled iPhones have doubled from the previous fiscal. While the iPhone instance is evidence of policies such as the PLI for smartphones working, India must do more to convince the world that it has the makings of a preferred China+1 destination for electronics exports. At present, the world may seem more inclined towards …

Goods exports hit 12-month high of $41.68 billion in March
8 months, 1 week ago

Goods exports hit 12-month high of $41.68 billion in March

The Hindu  

India’s goods exports hit a 12-month high of $41.68 billion in March, although it constituted a 0.67% decline from last year’s tally, while imports dropped 6% to $57.3 billion last month. Goods imports dropped by a sharper 5.41% to $677.24 billion in 2023-24, which helped moderate India’s trade deficit for the year to $240.2 billion, 9.33% lower than the preceding …

The ‘import restrictions’ on solar PV cells | Explained
8 months, 2 weeks ago

The ‘import restrictions’ on solar PV cells | Explained

The Hindu  

The story so far: Recent government orders on attempts to increase local sourcing of solar modules to support India’s renewables manufacturing ecosystem has been widely reported in the media as ‘import restrictions’. India’s domestic renewables sector, at the time, was unlikely to meet the spike in demand for solar power production equipment at rates offered by Chinese manufacturers. According to …

Tamil Nadu tops in electronics exports, by sending smartphones made in Kancheepuram to the U.S.: Data
8 months, 3 weeks ago

Tamil Nadu tops in electronics exports, by sending smartphones made in Kancheepuram to the U.S.: Data

The Hindu  

April 03, 2024 01:06 pm | Updated 05:08 pm IST Tamil Nadu, India’s largest exporter of electronic goods in FY23, accounted for 30% of all electronic goods exports from India in FY24. The share of the electronic goods sector in India’s overall exports has more than doubled — mostly due to the rise in Tamil Nadu’s contribution — in recent …

Trade puzzle: The Hindu Editorial on exports and global trade
9 months ago

Trade puzzle: The Hindu Editorial on exports and global trade

The Hindu  

Towards the end of a tumultuous trading year, India’s goods exports jumped 11.9% in February, marking the healthiest uptick in 20 months. It is remarkable that this spurt, significantly higher than the average export tally of $35.4 billion in the first ten months of this year, comes amid persistent concerns about disruptions in the Red Sea and the drought-hit Panama …

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise
9 months, 1 week ago

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise

New Indian Express  

NEW DELHI: India’s trade deficit increased to $18.71 billion in February from $17.49 billion in January, with imports exceeding exports, amid red sea crisis, as per recent official data. Goods imports surged to $60.11 billion in February from $54.41 billion in January, while exports increased to $41.40 billion from $36.92 billion. Goods exports grew by 11.86% compared to $37.01 billion …

India's 2014 mobile import dependency would have incurred a cost of Rs 14.3 lakh crore
9 months, 2 weeks ago

India's 2014 mobile import dependency would have incurred a cost of Rs 14.3 lakh crore

India TV News  

India the the fifth largest export nation for mobile phones as an individual commodity, which would have faced a hefty import bill of more than Rs 14.3 lakh crore, had it not achieved self-sufficiency in the last 10 years. Since 2014, the cumulative exports of mobile phones have reached a total estimate of Rs 3,22,048 crore, according to the India …

Who is winning the smartphone exports race - Vietnam or India: Data
9 months, 4 weeks ago

Who is winning the smartphone exports race - Vietnam or India: Data

The Hindu  

In recent times, India has laid much emphasis on smartphone exports. It has also marginally improved its share to 1% in Hong Kong’s smartphone imports — the world’s second biggest importer — where India’s share is insignificant. However, in UAE and Germany — the world’s third and fifth biggest smartphone importers —Vietnam’s share in imports is decreasing and in both …

India fears losing out to China in smartphone exports race
10 months, 1 week ago

India fears losing out to China in smartphone exports race

The Hindu  

India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters. But lawmakers and lobby groups for Apple and other firms argue India’s high tariffs are a deterrent for companies de-risking …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

Import duty on mobile phone components cut to 10% from 15%
10 months, 3 weeks ago

Import duty on mobile phone components cut to 10% from 15%

Live Mint  

The Centre has reduced import duty on parts used for mobile phone manufacturing to 10% from 15%, in a move to push mobile phone manufacturing in India amid the country's larger focus on exports and becoming a player in global supply chains. Building scale, riding on low input tariffs is key to transforming India into a global hub for electronics …

Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers
1 year, 1 month ago

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers

The Hindu  

Last month, India’s goods exports recorded only their second uptick this financial year, with a 6.2% rise. Merchandise imports grew a sharper 12.3% over last October and nearly 21% over September’s tally to hit an all-time high of $65.03 billion. The Finance Ministry’s monthly economic review asserted that merchandise exports “surprised on the upside” with the highest growth in 11 …

Indian Govt Now Sets Up New Process To Import Laptops For Companies: All Details
1 year, 2 months ago

Indian Govt Now Sets Up New Process To Import Laptops For Companies: All Details

News 18  

New Delhi, Oct 19: The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply …

Trade deficit eases as imports plunge
1 year, 2 months ago

Trade deficit eases as imports plunge

Live Mint  

India’s trade deficit narrowed in September as imports plunged and exports continued to slide amid slowing demand in the West and China. Goods exports slipped marginally by 2.59% to $34.47 billion compared to $35.39 billion in September 2022, while imports fell a steeper 15% to $53.84 billion against $63.37 billion a year earlier. “India’s merchandise trade deficit compressed considerably to …

India emerges as second-largest global hub for mobile phone manufacturing
1 year, 2 months ago

India emerges as second-largest global hub for mobile phone manufacturing

India TV News  

India has risen to become the world's second-largest manufacturing hub for mobile phones, largely attributed to significant investments from original equipment manufacturers, original design manufacturers, and companies specializing in mobile components and parts, according to a recent report. This development is a significant boost to India's "Make in India" initiative, with recent data from government and industry sources revealing mobile …

Explained | The debate over India’s smartphone manufacturing dreams
1 year, 4 months ago

Explained | The debate over India’s smartphone manufacturing dreams

The Hindu  

The story so far: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. It started when Mr. Rajan, along with two other economists, released a brief discussion paper arguing that the programme isn’t really …

US tech groups urge India to scrap laptop import restrictions
1 year, 4 months ago

US tech groups urge India to scrap laptop import restrictions

India TV News  

Top industry groups have asked the US government to urge India to reconsider its decision to impose import restrictions on laptops, tablets, and personal computers. The groups also said that the restrictions are inconsistent with India's commitment to free trade. They point out that India is a member of the World Trade Organisation, which prohibits import restrictions that are not …

DC Edit | Will Indian tech giants step up?
1 year, 4 months ago

DC Edit | Will Indian tech giants step up?

Deccan Chronicle  

After India boosted its mobile phone manufacturing through a carrot-and-stick policy, involving production-linked sops and import restrictions, the Narendra Modi-led government has announced restrictions on the import of laptops, tablets and some types of computers, citing security reasons. India has imported personal computers, including laptops worth $5.33 billion in 2022-23, as against $7.37 billion in 2021-22, while the overall electronics …

Curbs on laptop, PC imports to check IT hardware with in-built security loopholes
1 year, 4 months ago

Curbs on laptop, PC imports to check IT hardware with in-built security loopholes

The Hindu  

The government has imposed a licensing requirement for the import of laptops, tablets and personal computers to guard against IT hardware coming in with in-built security loopholes that may potentially endanger sensitive personal and enterprise data, top sources said. With India having sufficient capacity for IT hardware devices manufacturing, the requirement of purchasers needing permission to import laptops, tablets, all-in-one …

India imposes import curbs on laptops, tablets, PCs to boost local manufacturing
1 year, 4 months ago

India imposes import curbs on laptops, tablets, PCs to boost local manufacturing

Deccan Chronicle  

New Delhi: The government on Thursday imposed import restrictions on laptops, tablets, and certain type of computers with immediate effect, a move that will curtail inbound shipments of these goods from countries like China and boost domestic manufacturing. “Import of laptops, tablets, all-in-one personal computers, and ultra small form factor computers, servers. “Exemption from import licensing requirements is provided for …

Why has India restricted imports of laptops and computers?
1 year, 4 months ago

Why has India restricted imports of laptops and computers?

Firstpost  

The ministry of commerce has stated that imports would be allowed against a valid licence and that imports under baggage rules would remain exempt. Experts say the move has been made to give a boost to local manufacturing keeping in mind the ‘Aatmanirbhar India’ concept The Centre has restricted the imports of laptops, tablets and personal computers. “Import of laptops, …

Downhill driving: The Hindu Editorial on India’s overall trend of exports
1 year, 5 months ago

Downhill driving: The Hindu Editorial on India’s overall trend of exports

The Hindu  

After hitting a record $775 billion in 2022-23, India’s exports are off to a rocky start this year. While this implies the goods trade deficit may not widen as it had last year, it does not augur well for domestic growth impulses that form India’s key armour against the gathering global slowdown. Frail global demand may not just impact trade …

India’s goods exports dropped 22% to hit 8-month low in June
1 year, 5 months ago

India’s goods exports dropped 22% to hit 8-month low in June

The Hindu  

India’s goods exports plummeted 22.02% year-over-year in June to hit an eight-month low of $32.97 billion, while imports fell 17.5% to $53.1 billion, as per data from the Commerce Ministry. The goods trade deficit for June fell 8.8% from levels seen last June as well as this May, to $20.13 billion. This trend is likely to continue this year, with …

India’s H1 trade with China declines amid slowdown
1 year, 5 months ago

India’s H1 trade with China declines amid slowdown

The Hindu  

India’s trade with China declined in the first half of 2023 after more than two years of record growth, part of a broader slump in China’s trade performance that has underlined a sharp slowdown in the world’s second-largest economy Two-way trade reached $66.02 billion in the first half, data from China’s General Administration of Customs showed on Thursday. India’s imports …

India’s Jan.-April imports from China rise 4.6% to $37.86 billion
1 year, 6 months ago

India’s Jan.-April imports from China rise 4.6% to $37.86 billion

The Hindu  

India’s imports of Chinese goods have continued to rise in 2023, growing 4.6% in the first four months of the year to cross $37.86 billion. Two-way trade climbed 4.5% from the year-earlier period to reach $44.34 billion at the end of April, data from China’s General Administration of Customs showed. In the first four months of the year, China’s trade …

Smartphone Shipments In India Decline 16% In January-March: IDC Report
1 year, 7 months ago

Smartphone Shipments In India Decline 16% In January-March: IDC Report

News 18  

Smartphone shipments in India declined 16 per cent year-on-year in the January-March quarter to 31 million units, market research firm IDC said on Thursday. “31 million smartphones were shipped in India during the first quarter of 2023, a decline of 16 per cent YoY, and the lowest first-quarter shipments in four years," International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker …

India FY23 exports defy global turmoil to hit record high
1 year, 8 months ago

India FY23 exports defy global turmoil to hit record high

Live Mint  

In a year of uncertainties worldwide, India exported a record $447 billion worth of goods in FY23, up about 6% from the previous year, commerce ministry data showed. At the same time, goods imports rose over 16% to touch $714 billion, widening the goods trade deficit to highest ever mark of $267 billion against the previous year’s $191 billion. “Although …

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