Data released by the commerce department estimates that the exports of electronic products may have increased over 50 per cent in the financial year 2022-2023 to $23.6 billion
The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.
The notification on revision of drawback schedule will come into effect from February 4, 2020
In rupee terms, the exports improved slightly due to currency fluctuations
Exports rose to Rs 10,707 crore in September from Rs 8,583.55 crore of the same month last year