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By 2020, Total Value Of Electronics Imports By India Will Be Twice Of Oil Imports Today.

By       -   January 4th, 2016

India’s import of electronic products in the first five months of this fiscal exceeded every other item barring crude oil ($33.6 billion).

 

Total electronic imports have exceeded gold import ($15.4 billion) for the first time and the biggest gainer is China which accounted for $8.75 billion worth of electronic goods.

 

The key import item is mobile handsets that, at $6.4 billion, made up 40 percent of the electronics import bill.

 

In 2020, India’s total electronic goods demand at $400 billion would be met largely by $300 billion in imports, making it India’s largest import item, beating even crude oil.

 

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