Posted 2/28/2024, 9:50:55 AM
India Gains Ground on China for Electronics Exports to US and UK
- India's electronics exports taking more market share from China in UK and US as companies diversify supply chains
- India's share of US electronics exports rose from 2.5% to 7.65% of China's in a year
- India luring manufacturers with incentives to expand domestic industry and export more
- Foxconn increasingly investing in India likely driving export growth
- India gaining only limited electronics export share in Europe and Japan so far, suggesting "China plus one" rather than full move from China
