Electronics: India’s export powerhouse for FY23

India's exports of electronic goods have stolen the march on other traditional commodities in the country's export basket in 2022-23. Electronic goods exports clocked $25.3 billion, rising a stunning 49% since 2021-22, even in a year when overall exports grew just 6.5%. The category alone contributed around 30% of the total growth in exports, Mint calculations show. Largely in FY23, the incipient global recession led to broader exports catching a cold, with four of the 12 months seeing negative or flat year-on-year growth. But electronics exports bucked this trend, rising in all months. The strong show led to the sector…