iPhone boom powers India’s electronics exports to record highs, set to overtake petroleum
New Delhi: Electronics exports could rise to take the place of petroleum products as the second-most shipped category, as the US dissuades Indian refiners from buying Russian crude.
India’s electronics exports are rising speedily up the ranks, having strengthened position as the country’s third — and fastest-growing — overseas sales category in the first six months of FY26, commerce ministry data showed. They could be on course to overtake petroleum product exports in two years, amid curbs on the purchase of Russian oil, and take second place after engineering products, experts said.
