2023-24: India's electronics, telecom, and electrical imports reach $89.8B, with China and Hong Kong dominating over 50% of imports.
India's electronics, telecom, and electrical imports hit USD 89.8 billion in 2023-24, with China and Hong Kong accounting for 56% of total imports. China dominates with a 43.9% share of these sectors, highlighting a deep-seated dependency on the two countries. Reducing this dependency is crucial for both economic resilience and safeguarding India's digital and technological sovereignty in a rapidly interconnected world.
May 02, 2024
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