Related News

Davide Bonaldo | Lightrocket | Getty Images The New York Times on Friday filed a lawsuit against Perplexity, alleging the artificial intelligence startup has illegally copied and distributed its copyrighted

Antonio Neri, President and CEO of Hewlett Packard Enterprise. Anjali Sundaram | CNBC Hewlett Packard Enterprise shares fell 5% Friday after the company reported fourth-quarter revenue that missed analyst expectations.

Social media giant X has been hit with a 120 million euro ($140 million) fine by the European Commission for breaching transparency obligations, in the latest challenge to a U.S.

The logo of multinational tech company Foxconn (also known as Hon Hai), which is a major manufacturer for Apple products, in Taipei, Taiwan, on April 16, 2025. Anadolu | Anadolu

Taiwan on Thursday announced an immediate one-year ban on the Chinese social media network Xiaohongshu, saying the app posed a risk of fraud. Taiwan’s interior ministry said in a statement

The Cloudflare logo appears on a smartphone screen and on the background on computer screen Internal server error in this photo illustration on November 18, 2025 in Lviv, Ukraine. Global

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Trade momentum: India’s electronics exports jump 47%; US, UAE and China among top destinations

Word Count: 678 | Estimated Reading Time: 4 minutes


Trade momentum: India’s electronics exports jump 47%; US, UAE and China among top destinations

India’s electronics exports surged by 47 per cent in the April-June quarter of FY26, reaching USD 12.41 billion, with the US, UAE, and China emerging as the top destinations, commerce ministry data showed. The United States alone accounted for a dominant 60.17 per cent share, followed by the UAE (8.09 per cent), China (3.88 per cent), the Netherlands (2.68 per cent), and Germany (2.09 per cent).“This geographical spread highlights India’s growing integration into the global electronics supply chain and underscores the country’s emergence as a credible alternative manufacturing hub in Asia,” a government official said, as per news agency PTI.The data reflects India’s deeper engagement with high-value export markets, with similar trends observed in other key sectors.India’s ready-made garments (RMG) exports also rose during the quarter, growing to USD 4.19 billion from USD 3.85 billion a year earlier. The US remained the largest market for Indian apparel, accounting for 34.11 per cent of total RMG shipments, followed by the UK (8.81 per cent), UAE (7.85 per cent), Germany (5.51 per cent), and Spain (5.29 per cent). The official noted that India’s competitiveness in apparel is driven by its “skilled manufacturing base, diversified product offerings, and growing reputation for quality and compliance.”Marine exports also recorded strong growth, rising by 19.45 per cent to USD 1.95 billion in Q1. The US led the demand with a 37.63 per cent share, followed by China (17.26 per cent), Vietnam (6.63 per cent), Japan (4.47 per cent), and Belgium (3.57 per cent).According to PTI, diversification in product offerings and improved cold chain logistics have helped sustain India’s momentum in seafood exports.The government official noted a “common thread” across all three sectors—strong reliance on developed, mature markets, especially the US, which continues to be India’s most critical trade partner.India’s overall export momentum has also been buoyed by a rise in automobile shipments. As per industry body SIAM, total automobile exports rose 22 per cent in Q1 to 14.57 lakh units. Passenger vehicle exports hit a record high of 2.04 lakh units, led by Maruti Suzuki, which dispatched 96,181 units.





Source link

Most Popular Articles