NITI Report: India Must Leverage FTAs to Boost Electronic Exports

• NITI Aayog's Trade Watch Quarterly report highlights the need for India to address structural cost disadvantages and leverage FTAs to boost electronics exports.
• India's share in the USD 4.6 trillion global electronics market is only about 1% in 2024, with China, Hong Kong, and Taiwan dominating high-tech components.
• The report calls for predictable domestic procurement, export finance, and regulatory simplification to attract investments and support a USD 500 billion manufacturing ambition by FY2030.
• India's electronics strategy should transition from assembly-led gains to component-led manufacturing, focusing on domestic value addition, R&D, and ecosystem deepening.
• Cross-border e-commerce is identified as a key driver for India's export growth, with electronics playing a central role.