FY24 sees decline in electronic imports, thanks to Make in India: Report
Sat, Nov 16, 2024 1:17 PM

FY24 sees decline in electronic imports, thanks to Make in India: Report

A Flip by Avya Verma
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Major electronic firms like Samsung, Apple, and Whirlpool have seen a decline in imports in FY24, with a combined 7% year-on-year drop to Rs 95,143 crore, likely due to the "Make in India" initiative and growing localization. This is the first decline in at least six fiscals, as companies focus on value addition in India.

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