📊Executive Summary

India's electronic component exports have faced a significant decline of 16% year-on-year in Q1, totaling $1.34 billion, despite an overall increase in electronic goods exports. This downturn is attributed to a worsening shortage of key components, particularly printed circuit boards (PCBs), and heightened trade barriers, especially tariffs imposed by the US. The PCB industry is experiencing severe supply chain challenges, with prices for essential materials like copper-clad laminates surging over 300%. Additionally, exports to the US have plummeted by 51%, influenced by tariffs that have reduced the US's share of India's electronics component exports from 50% to 28%. The government is monitoring these issues as they could lead to a 30-40% drop in electronics production if shortages persist....