📊Executive Summary

India's electronic component exports have faced a significant decline, dropping 16% year-on-year in Q1 to $1.34 billion, despite an overall increase in electronic goods exports. The downturn is attributed to a worsening shortage of printed circuit boards (PCBs) and increased trade barriers, particularly tariffs imposed by the US. The PCB sector is experiencing severe supply chain challenges, with prices for key materials like copper-clad laminates surging over 300% in the past year. This situation has led to concerns that electronics production in India could fall by 30-40% if shortages persist. The decline in exports to the US, which has seen a 51% drop, further exacerbates the situation, as tariffs have reduced the US's share of India's electronics component exports from 50% to 28%....