India-US Electronics Trade Soars as China's Share of US Imports Drops
• Electronics exports from India to US jumped over two-fold to $6.6 billion in Jan-Sep 2023
• Share of electronics imported from China into US market has declined
• Bilateral electronics trade between India & US rose 84% to $9 billion in Jan-Sep 2023
• Goal is to increase bilateral electronics trade from $8.4 billion to $100 billion in a decade
• Share of China's electronics imports into US decreased from 46% in 2018 to 24% in Jan-Sep 2023