Electronics export growth exceeds Indian government expectations
India's electronics exports from April to February totalled about US$35,7 billion. This is reported by IANS, a partner of TV BRICS.
Compared to the same period last year, the figure was up 35 per cent.
It is noted that the main driver of growth is smartphone exports.
India has the Production Linked Incentive (PLI) Schemes which attracts foreign investors. It promotes export growth and reduces imports, as 99 per cent of domestic demand is covered by local production.
It is noted that the programme has attracted about US$18,63 billion of investment into the Indian economy and created 1.15 million jobs.
Earlier this month, Prime Minister Narendra Modi said India has become one of the leading manufacturers of cars and electronics.
Photo: iStock
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![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
