5 months, 3 weeks ago
Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
Deccan ChronicleChennai: 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 cent exports happening through the chain spread across different economies. Currently, on average India’s tariff on relevant electronics is around 7.5 per cent against 4 per cent in China, 3.5 per cent in Malaysia and 2.7 per cent in Mexico. India’s tariffs provide a 5-6 per cent cost disadvantage to electronics exports.
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