India's challenge to China's dominance in electronics exports to America

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Mumbai: It is seen that India is increasing its presence in some major markets like America and UK by taking away China's dominance in electronic exports.

Government sources are saying that India is benefiting from the bitterness in China's relations with America and UK in recent years.

In November last year, India's electronic exports to America were 7.65 percent compared to China, which was 2.50 percent in November 2021.

Government of India is providing various incentives to manufacturers to increase domestic electronics production. This includes tax relief, capital support, easy process of land acquisition etc.

From January to September 2023, India's electronics exports to America doubled to $6.60 billion. Which was at an all-time high. On the other hand, US imports from China were seen decreasing.

Foreign electronics companies are manufacturing in India and exporting to other countries. However, compared to America and UK, India's market share in Europe and Japan is seeing limited growth.

These markets are accepting India as an alternative along with China. He did not give full support to China.

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