India saw a remarkable 47% year-on-year growth in electronics exports in the first quarter of FY26, reaching $12.4 billion. The surge was led by mobile phones, showcasing India’s emergence as a key global electronics manufacturing hub. Mobile Phones: The Star Performer Growth in Non-Mobile Electronics Sector-Wide Trends and Projections Key Takeaways for Competitive Exams:
In the 95th round of RBI’s Survey of Professional Forecasters, it is predicted that India’s merchandise imports will increase by 2.5% while exports will only rise by 1.2% in FY26. This forecast indicates a potential widening trade gap, leading to a current account deficit of 0.8% of GDP. Key Forecasts: Imports Outpacing Exports The imbalance … Read more
In the recent SBI Research report, it is projected that the imposition of a 25% tariff by the United States will reduce India’s GDP growth for FY26 by 25 to 30 basis points (bps). The tariff will particularly affect electronics, gems and jewelry, pharmaceuticals, and machinery, which collectively make up almost half of India’s exports … Read more
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