ENA Sectors 2025-01-16 15:48:21 <p><span style="font-size:14px"><strong>New Delhi, Jan 16 (KNN)</strong> India's electronics exports reached a significant milestone in December 2024, growing 35.11 percent to USD 3.58 billion, the highest monthly figure recorded in two years, according to data released by the commerce ministry. </span></p> <p><span style="font-size:14px">This achievement underscores the growing strength of India's electronics manufacturing sector, bolstered by supportive government policies and increasing global demand.</span></p> <p><span style="font-size:14px">Commerce Secretary Sunil Barthwal highlighted the consistent growth trajectory in electronics and engineering exports, noting that electronic goods shipments have maintained robust momentum throughout the year. </span></p> <p><span style="font-size:14px">The sector demonstrated steady progress in preceding months as well, with exports reaching USD 3.43 billion in October and USD 3.47 billion in November.</span></p> <p><span style="font-size:14px">The upward trend extends beyond electronics, with engineering exports, which constitute approximately 25 percent of India's total outbound shipments, recording an 8.35 percent increase to USD 84 billion. </span></p> <p><span style="font-size:14px">The pharmaceutical sector also showed positive growth, rising 0.63 percent to USD 2.49 billion in December.</span></p> <p><span style="font-size:14px">Quarterly export data further reinforces India's strengthening trade position, with each quarter of 2024-25 setting new benchmarks. The April-June quarter registered exports of USD 198.5 billion, followed by USD 196.1 billion in July-September, and reaching USD 208 billion in October-December. </span></p> <p><span style="font-size:14px">These figures represent substantial increases from the corresponding periods of the previous year, which recorded USD 184.5 billion, USD 190.5 billion, and USD 193.4 billion respectively.</span></p> <p><span style="font-size:14px">The consistent growth across multiple sectors reflects the expanding domestic production capacities and India's increasing competitiveness in international markets. </span></p> <p><span style="font-size:14px">This upward trajectory in exports, particularly in high-value sectors like electronics and engineering, indicates the growing sophistication of India's manufacturing capabilities and its strengthening position in global supply chains.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 40673 https://knnindia.co.in/news/newsdetails/sectors/dec-2024-rings-in-robust-growth-for-electronics-exports-35-jump-to-clock-usd-358-bn 2025-01-16 15:48:21 knnindia.co.in