NEW DELHI, INDIA – India’s electronics imports reached a record $55.6 billion in 2019, up 8% year-over-year, according to reports.

Electronics exports were up 39% to $8.9 billion.

Telecom instrument imports were down almost 15% through February. Telecom instruments accounted for a third of overall electronics imports, followed by electronic components (28%), computer hardware and peripherals (16%), electronic instruments (14%) and consumer electronics (9%), says reports.

From February through April, telecom instruments exports, including mobile phones, increased 129% year-over-year to $2.4 billion.

“The profile of imports, especially in the mobile phone industry, is showing a healthy change and is as per plan,” said Pankaj Mohindroo, chairman of the India Cellular & Electronics Association. “CBU import, which was over 75%, is now below 10%. Sub-assembly import went up with the CBU import coming down, but even that has fallen substantially after PCBA population has started aggressively last year. We have to focus on large-scale exports and move toward the (export) value of $110 billion by 2025 only in mobile phones alone as per the National Policy on Electronics.”

Between 2014 and 2017, the Indian smartphone market grew more than 37% to $22 billion. Sales increased from 70 million units in 2014 to 150 million units in 2017.

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