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India Cellular and Electronics Association (ICEA) has said electronic goods export is likely to grow by 36.8 per cent to cross Rs 1.6 lakh crore in the current fiscal (FY23), with mobile phone export accounting for nearly half of the total pie. The electronic goods export in 2021-22 was Rs 1,16,937 crore. The mobile phone exports in FY 2021-22 were Rs 45,000 crore, and is estimated to reach more than Rs 75,000 crore in FY 2022-23.

According to it, the total exports of electronic goods from India from April to December 2022 grew to Rs 1,33,313 crore against Rs 81,780 crore in 2021. The growth in electronic goods exports is primarily led by mobile phone exports, which are estimated to have increased over Rs 60,000 crore in April-December 2022 from Rs 27,288 crore in the same period a year ago.

ICEA Chairman Pankaj Mohindroo said ‘The growth in mobile phone exports during April-December 2022 is as per plan and we are confident that we are on course to achieve USD 9-10 billion exports in FY 2022-23.’ The top exporting destinations for mobile phones from India during April-December 2022 include UAE, United States, Netherlands, United Kingdom and Italy.