
India's non-smartphone electronics shipments surge: Over $14 billion exports in FY25, says ESC; total electronics exports up by 32.47%
India's non-smartphone electronics exports have exceeded $14 billion in FY 2024-25, with total electronics exports reaching $38.57 billion, showing a 32.47 per cent increase year-on-year, as reported by the Electronics and Computer Software Export Promotion Council (ESC).
Despite smartphones leading exports, non-smartphone sectors have demonstrated significant growth. Various sectors including solar panels, telecom equipment, medical electronics, batteries, and digital processing units have shown substantial contributions, as reported by ANI. Photovoltaic cells generated $1.12 billion, telecom equipment and parts contributed $1.4 billion, whilst rectifiers, inverters, and chargers collectively exceeded USD 2.5 billion.
Medical electronics produced $0.4 billion, and PCs and digital processing units contributed USD 0.81 billion.
Electronics currently represents 9 per cent of India's total merchandise exports, increasing from 6.73 per cent in the previous year, demonstrating the sector's increasing significance in the nation's economic growth. The ESC described this achievement as a "strategic inflection point" for India's technology sector.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Earn Upto 5k Daily By This Method of Intraday Trading
TradeWise
Learn More
Undo
"This is more than a number, it's a statement of resilience, innovation, and global ambition," said Sandeep Narula, chairman - global outreach, ESC. He noted that Indian exporters demonstrated "remarkable agility and foresight" in managing tariff pressures and evolving global trade patterns.
State-wise export performance shows Tamil Nadu leading with $14.65 billion, followed by Karnataka at $7.8 billion, Uttar Pradesh at $5.26 billion, Maharashtra at $ 3.5 billion, and Gujarat at $1.85 billion.
"Complementing this momentum is India's rapidly evolving semiconductor ecosystem, which is poised to become a cornerstone of the country's tech ambitions," said Vinod Sharma, chairman - electronics, ESC. He referenced the government's approval of four new chip-making units in Odisha, Punjab, and Andhra Pradesh valued at Rs. 4,600 crore, alongside previous major projects including Micron's Rs. 22,516 crore ATMP facility in Gujarat and Tata Electronics' Rs.
91,000 crore fab in Dholera.
The ESC emphasised the introduction of the Electronic Component Manufacturing Scheme (ECMS), designed to strengthen domestic component supply chains and decrease import reliance. The industry anticipates this long-awaited initiative to enhance India's manufacturing capabilities.
"This is not a flash in the pan, it's a structural shift," stated Gurmeet Singh, executive director, ESC. He indicated that India remains on course to achieve its USD 200 billion electronics export target by 2030.
The ESC attributed this success to the combined impact of production-linked incentives, duty rationalisation, skilling programmes, and targeted assistance for small and medium enterprises.
Stay informed with the latest
business
news, updates on
bank holidays
,
public holidays
, current
gold rate
and
silver price
.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hindu
23 minutes ago
- The Hindu
Saudi Arabia, South Africa look at India's food tech to boost production
Saudi Arabia and South Africa with high production of dates and agriculture produce respectively are seen banking on Indian innovation in food tech to achieve food security in their nations and boost production. 'Africa's food and beverage industry, valued at $313 billion, is projected to reach $1 trillion by 2030, offering immense opportunities for jobs, prosperity, and integration into the global economy,' Labane Gideon, Consul General of South Africa in Mumbai. 'With agriculture still accounting for over 60% of Africa's value chain, compared to 22% globally, investments in value-added processing and branded products are critical to unlock this potential,' he said while speaking at Anuga FoodTec India and Anuga Select India 2025 expo organised by Koelnmesse India in Mumbai. 'South Africa, with a strong food processing industry and key exports including wine, fruit juices, and food additives, recognises India as a vital partner' he said adding 'We are more interested as Africa and especially South Africa in the technological aspect of agriculture as far as India is concerned because we are still slightly lagging behind when it comes to that.' Majed Al-Otaibi, Charge d'Affaires, Royal Embassy of Saudi Arabia said Saudi Arabia is a long- standing partner of India and The Kingdom as the home to more than 37.1 million palm trees, producing around 1.1 million tons of dates annually is seeking partnership to bringing the dates to every corner of the globe. 'Nations, businesses and investors are invited to join this journey,' he said adding ' We are exploring all kinds of opportunities between our two countries and we are exchanging all the experiences and also we are exploring more and more opportunities.' Meanwhile, India's food processing & ingredients sector growing at 8.8% CAGR, is projected to double by 2030, while food-tech outpaces global benchmarks at 14% CAGR, according to experts. Rising demand for clean-label, functional, and health-conscious foods is driving AI, IoT, and digital traceability adoption across the F&B value chain, they said. With India's food processing sector projected to be among the fastest-growing industries in the coming years, the government has permitted 100% Foreign Direct Investment (FDI) in the F&B segment. Reflecting on the opportunities in India's food processing and ingredients sector Nilesh Amritkar, Managing Director, Envirocare Labs said, 'India's food processing and ingredients sector is expanding at a healthy 8.8% CAGR and is set to double by 2030, establishing our country as the food factory of the world, from farm gate to global plate.' 'At the same time, India's food-tech ecosystem in areas like hardware, software, AI, cold chain, and precision processing is expected to outpace global benchmarks at over 14% CAGR by 2030. This shows how innovation is no longer important; India is now exporting food technology to the world,' he said. 'Even with challenges such as tariffs, sanctions, and 50% export loading restrictions, our industry has demonstrated 100% resilience by rerouting supply chains and diversifying markets. Strong policy support including PLI-like schemes, Make in India, Mega Food Parks, NIFTEM institutes, and MoFPI programs like PM-FME is creating the right ecosystem for growth, entrepreneurship, and R&D-led innovation,' he added. Speaking at the event Seetharaman Raghupathi, Executive Director, National Dairy Development Board (NDDB) said the White Revolution 2.0 initiative aimed at establishing 75,000 new cooperatives by 2028–29, would further boost the growth of India's dairy sector ensuring food security. Milind Dixit, Managing Director – India & SAARC, Koelnmesse Pvt. Ltd., said, 'With the global food processing market projected to surpass $4 trillion by 2030 and India expected to emerge among the top three markets worldwide, these shows [Anuga FoodTec India and Anuga Select India 2025] provide an invaluable platform to access next-gen technologies, embrace sustainable solutions, and build long-term collaborations.'


Time of India
32 minutes ago
- Time of India
Shocking twist: Computer Science grads face one of the highest unemployment rates today
Gen Z unemployment rate 2025 college grads : You'd think that with all the buzz around tech and coding, computer science grads would be flying off the job market, right? Well, not exactly. Surprisingly, recent data shows that computer science majors are actually struggling more than you might expect, with one of the highest unemployment rates among college degrees. Computer Science Unemployment Rate Rises to 6.1% The Federal Reserve Bank of New York found that, 6.1% of computer science grads are out of work, which puts the degree in seventh place for majors with the most unemployment, as per a Newsweek report. This is ranked right after top majors like physics with 7.8% unemployment rate and anthropology with 9.4% unemployment rate for those who graduated in between 2023 and the recent college graduates, according to the report. Even computer engineering, which at many schools is the same as computer science, had a 7.5% unemployment rate, as reported by Newsweek. ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges Undo Tech Industry Slowdown Hits New Computer Science Grads the Hardest A few years ago, tech was booming during the COVID-19 pandemic, and everyone rushed to learn to code, as per the report. But now, with giants like Amazon and Google cutting jobs to boost profits and the market for new computer science grads isn't what it used to be, according to the Newsweek report. Finance expert and the founder of Michael Ryan, told Newsweek that, "Every kid with a laptop thinks they're the next Zuckerberg, but most can't debug their way out of a paper bag... We created a gold rush mentality around coding right as the gold ran out. Companies are cutting engineering budgets by 40 percent while CS enrollment hits record highs. It's basic economics. Flood the market, crater the wages," as quoted in the report. Live Events ALSO READ: Apple Watch SE 3 leaks spill major upgrades — and fans can't stop buzzing about what's coming Best College Majors for Employment in 2025 Aren't in Tech Even though computer science is often listed as a top major for college students, ranking as number one by the Princeton Review for college majors, the reality is that many graduates are facing a tough job market, as per the Newsweek report. While majors like nutrition sciences, construction services and civil engineering currently have some of the lowest unemployment rates, which are between 1% to as low as 0.4%, as per the report. Gen Z Unemployment on the Rise as Job Market Tightens HR consultant Bryan Driscoll pointed out that, "The problem is the system. We've overproduced degrees without addressing how exploitative and gatekept the tech hiring pipeline has become," adding, "Entry-level roles are vanishing, unpaid internships are still rampant, and companies are offshoring or automating the very jobs these grads trained for," as quoted in the Newsweek report. ALSO READ: August Social Security payment 2025: When you'll get your money this month and how much to expect However, it's not just the tech world struggling as the overall unemployment for recent college grads is rising, according to Newsweek. The unemployment in Gen Z households rose 32% year over year in February, and the unemployment rate for recent college graduates increased 5.8% in March from 4.6% last year, as per Federal Reserve Bank of New York data. FAQs Why are computer science grads unemployed? There are too many graduates and not enough entry-level roles. Plus, many companies are cutting jobs. What's the unemployment rate for CS majors? According to the Federal Reserve Bank of New York, it's 6.1%.


United News of India
37 minutes ago
- United News of India
India-Russia trade has grown five-fold to $68 bn, but major trade imbalance needs addressing: EAM
Moscow/New Delhi, Aug 20 (UNI) External Affairs Minister S Jaishankar today said that while bilateral trade in goods between India and Russia has grown more than five-fold, from USD 13 billion in 2021 to USD 68 billion in 2024-25, the major trade imbalance accompanying the growth needs to be addressed. Speaking at the 26th Session of the India-Russia Inter-Governmental Commission for Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC), in Moscow, the EAM made some suggestions on how the two sides can improve their efficiency and deepen economic cooperation. The EAM remarked that the two sides are meeting in Moscow after 10 months since the last Session in November 2024 in New Delhi, which he said is perhaps the shortest interval between the two sessions that they have had. 'Over the last four years, our bilateral trade in goods has increased, as you have noted, more than five-fold from USD 13 billion in 2021 to USD 68 billion in 2024-25 and it continues to grow. However, a major trade imbalance has accompanied the growth; it has increased from USD 6.6 billion to USD 58.9 billion which is about nine times. So we need to address that urgently,' he said. Outlining some of the salient features of the agenda, he said. 'Addressing tariff and non-tariff trade barriers, removing bottlenecks in logistics, promoting connectivity through the International North-South Transport Corridor, the Northern Sea Route and the Chennai-Vladivostok Corridor, effecting payment mechanisms smoothly, timely finalization and execution of the Programme of Economic Cooperation till 2030, the early conclusion of the India-Eurasian Economic Union FTA, whose terms of reference were finalised today, and regular interaction between the businesses of the two countries – these are among the key elements.' He said these will not only help to address the imbalance and grow the trade, but also hasten the timely achievement of their revised trade target of USD 100 billion by 2030. EAM Jaishankar said that they are meeting in the backdrop of a complex geopolitical situation, and both their leaders remain closely and regularly engaged, and provide 'wise and practical guidance to our Special and Privileged Strategic Partnership'. Among the suggestions he outlined were, that the various Working Groups and Sub Groups could take a more creative and innovative approach. He said the two sides could focus more on areas like the smoothness of settlements, of better logistics, of diversifying the trade basket, creating more joint ventures, moving on skilling and mobility. He suggested that the two sides should continuously diversify and expand their agenda through mutual consultation. 'This will help us to tap into full potential of our trade and investment ties. We should not get stuck on a beaten track. Doing more and doing differently should be our mantras.' He urged that they should set themselves some quantifiable targets and specific timelines so that they challenge themselves to achieve more. 'Each Working Group and each Sub Group could apply itself to setting of targets and see what we could achieve by the next session of the IRIGC-TEC.' He also suggested that they should have at least two inter-sessional meetings between the IRIGC Sessions, including a virtual midterm review with all the Co-Chairs like they did in 2023. He also suggested having a coordination mechanism between the Business Forum and the different Working Groups of the IRIGC, so that there is a two-way flow between people in the business world and people in the policy world. Addressing the Business Forum later, the EAM said that the two sides have 'concluded the Terms of Reference for the India-Eurasian Economic Union FTA. That will surely make a difference when concluded.' He said in a post on X: 'Co-chaired an extremely productive 26th India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation IRIGC-TEC along with First DPM Denis Manturov of Russia today. 'We had detailed discussions on our cooperation in a wide-ranging arena including trade & economic sector, agriculture, energy, industries, skilling, mobility, education and culture. 'As we meet in the backdrop of a complex geopolitical situation, made the following suggestions to make the IRIGIC-TEC an even more efficient catalyst for deepening our economic cooperation: *Need for a creative and innovative approach. *Continuously diversify and expand our agenda through mutual consultations. *Set quantifiable targets and specific timelines so that we challenge ourselves to achieve more, perhaps even surpass what we set out to do. *Have at least two inter-sessional meetings between the IRIGC Sessions. And a virtual midterm review with all the Co-Chairs. Have a coordination mechanism between the Business Forum and the different Working Groups of the IRIGC-TEC, so that there is a two-way flow. 'As we prepare for the Annual Leaders Summit, confident that the outcomes of the IRIGC-TEC meeting today will further drive the time tested India-Russia partnership." UNI RN