China supplied 26% of India's auto component imports in FY25: Govt
IANS
reports.
Overall imports from China rose to $101.74 billion in FY24, accounting for 15 per cent of India's total imports. Electronics, telecom gear, computer hardware, industrial machinery, organic chemicals and bulk drugs remain the top categories, with dependency levels as high as 74 per cent in some sectors.
The government noted that most imports are raw materials and capital goods for fast-growing industries such as electronics, pharma, telecom and renewable energy. To reduce reliance, it has rolled out Production Linked Incentive (PLI) schemes worth ₹1.97 lakh crore across 14 sectors, alongside initiatives like
Make in India
, PM Gati Shakti and the National Logistics Policy.
Officials said early results are visible. India has become a net exporter of mobile phones and bulk drugs, with mobile phone exports jumping from ₹1,500 crore in FY15 to over ₹2 lakh crore in FY25, making the country the world's second-largest handset maker.
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