Tuesday 20 October 2015

Electronics imports are set to be higher than gold this year

Led by a surge in smartphone shipments, India's electronics imports could for the first time exceed overseas purchases of bullion this year, highlighting an urgent need for the `Make in India' initiative in the sector. Imports of electronics exceeded those of gold in the first six months of the current financial year, estimates based on government data showed, adding up to over US $19 billion....Read More

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