Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
TECHNOLOGY

Exports for Personal Computers Almost Tripled During April-August

This growth has been driven by government support through the Production Linked Incentive (PLI) scheme.

The early success in smartphone manufacturing is gradually extending to other electronic components and devices, with laptop exports nearly tripling during the April-August period of this financial year.

According to an analysis by the Ministry of Commerce and Industry, laptop exports to the top five markets rose to $102.6 million in April-August, up from $37 million during the same period last year. This growth has been driven by government support through the Production Linked Incentive (PLI) scheme and other administrative measures despite starting from a low base.

The United Arab Emirates (UAE) remains the largest market for laptops, palmtops, and handheld devices, purchasing $64 million worth of these products in the first five months of the financial year, compared to $29.7 million during the same period last year.

Russia, the second-largest buyer of computers from India, increased its purchases significantly, rising to $20.4 million in April-August from just $4.4 million during the same period last year. Other notable markets for Indian PCs include Bangladesh ($7.7 million), Sri Lanka ($5.6 million), and the US ($3.7 million).

Exports of printed circuit boards (PCBs) also surged by 76%, reaching $12.76 million in April-August. France was the largest buyer of PCBs from India, with $3.54 million, followed by Israel at $3.31 million and Italy at $1.64 million.

In the electronics sector, smartphones continued to dominate, with exports reaching $5.1 billion in April-August, a 59% increase compared to the same period last year. The US was the top market, receiving $2.88 billion in shipments, followed by the Netherlands ($833 million), the UK ($517 million), Italy ($449 million), and Austria ($421 million).

Overall, electronic goods exports grew by 7.9% in September, totalling $2.07 billion. From April to September, electronics exports saw a 19.7% rise, reaching $15.6 billion.

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!

Get Daily Prediction & Stocks Tips On Your Mobile