[ad_1] The trade deficit in electronics widened to a record $56 billion in fiscal 2012, as both imports and exports hit fresh peaks, adding to the pressure on the country’s current account at a time when rising oil prices had already hit the import bill. is extended. After oil and petroleum products, electronics remains the second largest contributor to the country’s overall merchandise trade deficit.Electronics exports grew 41% to $15 billion in the last fiscal, while imports grew 35 percent to $70.8 billion, according to commerce ministry data. Earlier, in…
Tag: electronics
D2C market prospects in India on consumer electronics
[ad_1] The online D2C electronics market is estimated at $22B (FY22) and expected to grow to $31B (FY25) @CAGR 12% in the next 3 years. The sector has historically grown at a CAGR of 25.7 percent in the last 7 years. The key factors driving the growth are increasing number of online shoppers (expected to be $350B by FY25), COVID-19 induced tail winds, and brands focusing on making a clear distinction from the options available online. Shine. Read our thoughts on the wide market scope of D2C Electronics in the…