 "Driven by smartphone, electronics exports have reached $22.5 billion in value in the first eight months of the current financial year (FY25), a near 28% growth over the $17.66 billion electronics exports during the corresponding period of FY24. This")
The central government is aware of the possible dumping of electronic goods from China and Vietnam and is evaluating its response should such a situation arise, a senior government official said.
As of now, electronic goods manufacturers in India are not “overly” concerned about the recent tariff hikes announced by the US, Secretary of the Ministry of Electronics and Information Technology S Krishnan said.
“We have been in regular consultation with manufacturers in India. That is something we are speaking to them about on an ongoing basis. They are not overly concerned right now, but it also depends on how this whole situation plays out. It’s a dynamic situation,” Krishnan said, adding that much would depend on how the “tariff situation” evolved.
India, he said, was in a better position compared to China and Vietnam, which have been slapped with tariffs of 34 per cent and 46 per cent, respectively. Similarly, other major electronics manufacturing countries such as Taiwan and Indonesia face 32 per cent tariffs, while Thailand has had a 36 per cent tariff imposed by the US.
India was handed a 26 per cent tariff by the US on April 2. These tariff rates are scheduled to take effect from April 9.
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During his address, US President Donald Trump said that India was a very tough market and charged a 52 per cent tariff, while the US had not imposed any tariff on imports from India for a long time.
Electronics manufacturing industry associations such as the India Cellular & Electronics Association (ICEA) also echoed Krishnan’s view that the domestic industry is favourably placed despite the imposition of the 26 per cent tariff.
“China’s cumulative tariffs, including previous tariff actions, range from 54 per cent to as high as 154 per cent, and Vietnam faces 46 per cent. This strategic advantage, though marginally less favourable than Brazil or Egypt at 10 per cent, still offers India a critical near-term export competitiveness window,” ICEA Chairman Pankaj Mohindroo had said.
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