India's electronics exports may dominate trade negotiations with US

India's electronics exports, driving over 62% trade surplus, to dominate US talks

Electronic exports, which accounted for over 62 per cent of the increase in India’s trade surplus with the US between 2020-21 (FY21) and 2023-24 (FY24), as well as their growing share in overall exports to the country, are expected to be a focal point as India negotiates trade issues with the new US Trump administration, according to sources.

 

During this four-year period (FY21–FY24), India’s trade surplus with the US increased by $12.6 billion, from $22.7 billion in FY21 to $35.3 billion in FY24. Electronics exports in the same period increased by $7.9 billion, from $2.1 billion to $10 billion.

 

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