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Electronic And Computer Software Industry


Electronic And Computer Software Industry

The IT & electronics industry is one of the fastest-growing industries in India, both in terms of production and exports. In fact, software development and IT-enabled services (ITeS) have made India’s brand equity a force to reckon with. According to a study by Assocham and Ernst and Young (EY), the Indian electronics and hardware industry is expected to grow at a compound annual growth rate (CAGR) of 13-16 per cent to touch US$ 112-130 billion by 2018.

Exports

In 2016-17, the total exports of electronics items from India stood at US$ 5,686.76 million; occupying a share of 2.06% in India’s overall exports; which consists of Computer Hardware, Peripherals, Consumer Electronics, Electronics Components, Electronics Instruments and Telecom Instruments.

Electronic Instruments stood as the topmost export item from this sector witnessing a growth of 2.71% to reach US$ 2016.07 million.

Electronics and Computer Software Export Promotion Council

The Electronics and Computer Software Export Promotion Council (ESC) was formed to provide a platform to the IT & Electronics Industry in India. With exports to more than 200 countries, ESC has successfully steered the direction of India’s electronics and software exports to achieve large export volumes

Source: India Brand Equity Foundation


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