India's electronics exports hit 24-month high at $3.58 billion in December

India's electronics exports rose 35.11% to $3.58 billion in December 2024, marking the highest level of shipments in the last 24 months, according to the commerce ministry data.

The robust performance reflects the growing momentum in the country's electronics manufacturing sector, driven by favourable government policies, increased global demand, and expanding domestic production capacities.

Commerce Secretary Sunil Barthwal said there has been a consistent growth in exports of engineering and electronics.

"In December 2024, electronic goods exports were the highest so far. In the last 24 months, it was the highest at $3.58 billion in one month," he told reporters here.

Since January this year, electronic goods exports have been recording healthy growth. In October and November, these shipments were $3.43 billion and $3.47 billion, respectively.

Similarly, India's engineering and pharmaceutical exports have also been recording positive growth since January.

It grew 0.63% to $2.49 billion in the last month.

Engineering exports, which account for about 25% of the country's total outbound shipments, increased 8.35% to $84 billion.

Further, the ministry said quarterly also, the country's exports are consistently growing and have registered a "new record high".

During April-June, July-August, and October-December quarters of 2024-25, the shipments stood at $198.5 billion, $196.1 billion, and $208 billion, as against $184.5 billion, $190.5 billion, and $193.4 billion, respectively.