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India can source electronic goods from markets other than China: WTC

In the electronics sector, the country is heavily dependent on Chinese suppliers. Electronic goods account for 32 per cent of our overall imports from China which meets 40 per cent of total imports

exports, imports, trade, RCEP

Imports from China also declined from Rs 6,265 crore in FY2018-19 to Rs 4,717 crore in April-February of FY2019-20. However, the share of China in overall imports grew from 55 to 75 per cent.

Press Trust of India New Delhi
The government could redirect the source-markets for electronic goods away from China -- the single largest supply market now -- to others like Singapore, Malaysia, Taiwan and the US, if it wants to really contain imports from the northern neighbour, says the WTC.
More than 90 per cent of the electronic goods imports from China are of integrated circuits, and television sets, according to the data collated by the World Trade Centre Mumbai on Monday.
China is the largest supplier market for the country contributing 14 per cent of total non-oil merchandise imports.

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First Published: Jun 22 2020 | 8:50 PM IST

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