India’s ambition to become a global hub for electronics faces tough challenges, not only from Vietnam but a raft of other countries that have emerged as major exporters of electronics. Countries such as the Philippines, Thailand, Mexico, and Malaysia have exported electronics more than double that of India on an average, according to data available till 2021. In the year 2021, exports by Vietnam, Mexico, and Thailand were 9.2 times, 6.3 times, and 3.8 times respectively, that of India, according to estimates by the Indian Cellular and Electronics Association of India (ICEA).

India has very little chance of catching up with Vietnam and Malaysia in the electronics export race. While India’s ranking among electronic exporters is at 26 in 2021, Vietnam is far ahead at 8th place.

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