India needs to leverage FTAs to boost electronic goods exports: NITI Report

NEW DELHI, Feb 13 : India needs to address its structural cost disadvantages, leverage free trade agreements (FTAs) and promote manufacturing of strategic components to boost its electronics goods exports, according to NITI Aayog’s Trade Watch Quarterly report released on Friday. The electronics segment represents a USD 4.6 trillion global market. However, India’s share in this market stands at only around 1 per cent for 2024. Key markets for high-tech components like integrated circuits and semiconductors remain dominated by China, Hong Kong, and Taiwan. While recent FTAs improve external market access, the government think tank in its report called for…