Electronics Industry – IAS Synopsis
The electronic devices industry valued at $118 bn in 2019-20 is segmented as Mobile Phones (24%), Consumer Electronics (22%), Strategic Electronics (12%), Computer Hardware (7%), LEDs (2%) and Industrial Electronics (34%) comprising of Auto, Medical and other industrial electronic products.
The domestic Electronic devices market in India for 2019 is $20.8 bn (excluding imported PCB-Assemblies). The Sector Exports registered a growth of 49% to USD 11.0 Billion (Provisional) over USD 7.4 Billion during same period in the year 2020. As compared to April-December 2019 (USD 8.8 Billion) and April-December 2014 (USD 4.8 Billion), exports of Electronic Goods registered a growth of 26% and 131% respectively.
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