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.
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