#electronics market

[seairexim]

Electronics Import in India: Trends, Key Products, HS Codes

Electronics import in India has seen significant growth over the years, driven by increasing consumer demand and technological advancements. As one of the largest importers of electronic goods, India relies heavily on foreign manufacturers to meet its domestic needs. This article delves into the dynamics of electronics import in India, provides a list of electronic goods imported, explores relevant Harmonized System (HS) codes, and analyzes the impact of these imports on the Indian economy.

Overview of Electronics Import in India

India's electronics market has been rapidly expanding, with imports constituting a significant portion of the supply. Electronics imports in India mainly include mobile phones, laptops, integrated circuits, display panels, and other consumer electronics. The growing middle class, rising disposable incomes, and increasing digital adoption have fueled demand for these products.

In 2023, the total value of India electronics imports surpassed USD 65 billion, reflecting a steady increase from previous years. The majority of these imports come from countries such as China, Vietnam, South Korea, and Japan. Despite efforts to boost local manufacturing through initiatives like 'Make in India' and the Production Linked Incentive (PLI) scheme, India remains dependent on imports to fulfil its electronics needs.

Key Factors Driving Electronics Import in India

Several factors contribute to the high volume of electronics imports in India:

High Consumer Demand

With the rapid penetration of smartphones, laptops, and other consumer electronics, the demand for imported electronic goods has surged.

Technological Advancements

Continuous advancements in technology have led to the import of newer and more advanced electronic products, which are not yet manufactured domestically.

Lack of Local Manufacturing Capacity

Despite several government initiatives, India's local manufacturing capacity for advanced electronics remains limited, necessitating imports to bridge the gap.

Cost Competitiveness

Imported electronic goods are often more cost-effective due to economies of scale achieved by global manufacturers.

List of Electronic Goods Imported in India

India imports a wide range of electronic goods to cater to its diverse market needs. Below is a list of electronic goods imported in India:

Mobile Phones

Mobile phones account for a significant portion of India's electronics imports. With increasing smartphone penetration and frequent technological upgrades, the demand for imported mobile phones continues to grow.

Laptops and Tablets

Laptops and tablets are essential tools for education, work, and entertainment, making them high-demand items in the Indian market. Most of these devices are imported due to the lack of domestic production facilities.

Television Sets and Display Panels

India imports a large number of television sets and display panels, mainly from China and South Korea. The demand for high-quality, large-screen televisions is on the rise, especially with the increasing popularity of OTT platforms.

Integrated Circuits and Semiconductors

Integrated circuits (ICs) and semiconductors are crucial components for various electronic devices. India imports a vast majority of these components, primarily from Taiwan and South Korea, due to the lack of a robust semiconductor manufacturing ecosystem domestically.

Consumer Electronics

This category includes items like washing machines, refrigerators, air conditioners, and microwave ovens. These products are primarily imported from China and Southeast Asian countries.

Networking Equipment

With the expansion of digital infrastructure and the rollout of 5G technology, the demand for networking equipment like routers, switches, and modems has increased. A significant portion of this equipment is imported to meet the growing needs.

Electronic HS Codes and Their Importance

HS codes, or Harmonized System codes, are internationally standardized numbers that classify traded products to facilitate customs procedures. The electronic HS codes help in identifying specific goods for import and export, ensuring a smooth customs clearance process and accurate duty assessment. Some key HS codes relevant to electronics imports in India include:

HS Code 8517

This code covers telephone sets, including smartphones and other telecommunication devices.

HS Code 8471

This code is used for automatic data processing machines and units thereof, including laptops and computers.

HS Code 8528

This code pertains to monitors and projectors, not incorporating television reception apparatus.

HS Code 8542

This code is used for electronic integrated circuits and microassemblies, which are crucial for various electronic applications.

HS Code 8504

This code relates to electrical transformers, static converters, and inductors used in electronic devices.

Understanding these HS codes is essential for importers to classify products correctly and comply with international trade regulations. It also aids in tracking import data and analyzing market trends.

The Impact of Electronics Imports on the Indian Economy

The heavy reliance on electronics imports has both positive and negative implications for the Indian economy. On the positive side, imports help meet the domestic demand for advanced technology and support sectors like telecommunications, IT, and consumer electronics. They also facilitate technological upgrades and contribute to economic growth.

However, excessive dependence on imports has several drawbacks. It leads to a significant outflow of foreign exchange and contributes to the trade deficit. Additionally, relying heavily on imports makes India vulnerable to global supply chain disruptions and geopolitical tensions.

Government Initiatives to Reduce Electronics Imports

To reduce dependency on electronics imports, the Indian government has launched several initiatives:

Make in India

This initiative encourages local manufacturing of electronic goods, aiming to make India a global hub for electronics manufacturing.

Production Linked Incentive (PLI) Scheme

The PLI scheme offers financial incentives to companies that set up manufacturing units in India for electronics and other high-demand products.

Phased Manufacturing Program (PMP)

This program aims to increase domestic value addition in electronics manufacturing by incentivizing the local production of components and sub-assemblies.

Conclusion

India's electronics imports play a vital role in meeting the growing domestic demand for technology products. However, there is a need to balance imports with domestic production to reduce the trade deficit and build a resilient supply chain. By understanding the key products, trends, and HS codes associated with electronics imports, stakeholders can make informed decisions to navigate the complexities of the global electronics market. However, if you need electronic export data, electronic import data, or global trade data, you can connect with Seair Exim Solutions.

Frequently Asked Questions (FAQs):

Q1. What are the major electronics imported into India?

The major electronics imported into India include mobile phones, laptops, television sets, integrated circuits, and consumer electronics like refrigerators and washing machines.

Q2. Why does India import a large volume of electronics?

India imports a large volume of electronics due to high consumer demand, lack of local manufacturing capacity, technological advancements, and cost competitiveness of imported goods.

Q3. What are HS codes in the context of electronics imports?

HS codes are standardized numerical codes used globally to classify traded products, including electronics, to streamline customs procedures and duty assessments.

Q4. What is the impact of electronics imports on the Indian economy?

While electronics imports meet domestic demand and support economic growth, they also lead to a significant outflow of foreign exchange and contribute to the trade deficit.

Q5. What initiatives has the Indian government taken to reduce electronics imports?

The Indian government has launched initiatives like 'Make in India,' the Production Linked Incentive (PLI) scheme, and the Phased Manufacturing Program (PMP) to boost local electronics manufacturing.

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Seair Exim Solutions Phone No.: 099900 20716 Address: B1/E3 Mohan Cooperative Industrial Estate Near Mohan Estate Metro Station Opposite Metro Pillar No:-336, NH-19, New Delhi, Delhi 110044

Also Read:

Export of Milk from India: Trends, Data, and Global Impact

Millets Export from India: A Global Opportunities

[kupwaratimes-fan]

Lost crores, say traders affected by fire in India's largest wholesale electrical, electronics market

Lost crores, say traders affected by fire in India’s largest wholesale electrical, electronics market

Lost crores, say traders affected by fire in India’s largest wholesale electrical, electronics market   New Delhi, Nov 25:  In the narrow bylanes of Delhi’s Chandni Chowk, firefighters toiled for hours to douse a blaze that overnight gutted around 100 shops of a wholesale market of electrical and electronic goods. Ignoring the intermittent sounds of blasts and policemen warning of boned-out…

[martinsorbit]

Finders Keepers warm up sketches b4 I start designing some character stuff

I missed themm

The DCAs arms/hands keep breaking because of how much they move and do silly acrobatics, pairing that with some leftover water+fire damage, it is one of the things that Y/N has to repair often;

New compatible parts are hard to find + expensive (considering how old the DCAs model is), so Y/N normally has to go to old faztech electronic trash dumps to find something that might work, which is usually pieces of other similar-looking Attendants from some old FAZCO animatronic line. You really hope sun and moon don't know about this, or else things will get awkward

[mostlysignssomeportents]

Meatspace twiddling

I'm on tour with my new, nationally bestselling novel The Bezzle! Catch me next weekend (Mar 30/31) in ANAHEIM at WONDERCON, then in Boston with Randall "XKCD" Munroe (Apr 11), then Providence (Apr 12), and beyond!

"Enshittification" isn't just a way of describing the symptoms of platform decay: it's also a theory of the mechanism of decay – the means by which platforms get shittier and shittier until they are a giant pile of shit.

I call that mechanism "twiddling": this is the ability of digital services to alter their business-logic – the prices they charge, the payouts they offer, the particulars of the deal – from instant to instant, for each user, continuously:

https://pluralistic.net/2023/02/19/twiddler/

Contrary to Big Tech's own boasting about its operations, the tricks that tech firms play to siphon value away from business customers and end-users aren't very sophisticated. They're crude gimmicks, like offering a higher per-hour wage to Uber drivers whom the algorithm judges to be picky about which rides they'll clock in for, and then lowering the wage by small increments as a way of lulling the driver into gradually accepting a permanent lower rate:

https://pluralistic.net/2023/04/12/algorithmic-wage-discrimination/#fishers-of-men

This is a simple trick. The difference is that tech platforms like Uber can play it over and over, and very quickly. There's plenty of wage-stealing scumbag bosses who'd have loved to have shaved pennies off their workers' paychecks, then added a few cents back in if a worker cried foul, then started shaving the pennies again. The thing that stopped those bosses was the bottleneck of payroll clerks, who couldn't make the changes fast enough.

Uber plays crude tricks – like claiming that a driver isn't an employee because the control is mediated through an app – and then piles more crude tricks on top – this algorithmic wage discrimination gambit.

Have you ever watched a shell-game performed very slowly?

https://www.masterclass.com/articles/how-to-do-penn-tellers-famous-cups-and-balls-trick-in-12-steps

It's a series of very simple gimmicks, performed very quickly and smoothly. Computers are very quick and very smooth. The quickness of the hand deceives the eye: do crude tricks with superhuman speed and they'll seem sophisticated.

The one bright spot in the Great Enshittening that we're living through is that many firms are not sufficiently digitized to to these crude tricks very quickly. Take grocery stores: they can get up to a lot of the same tricks as Amazon – for example, they can charge suppliers for placement on the most prominent, easiest-to-reach shelves, reorganizing your shopping based on which companies pay the biggest bribes, rather than offering the best products and prices.

But Amazon takes this to a whole different level – beyond simply organizing their product pages based on payola, they do this for search. You ask Amazon, "What's your cheapest batteries?" and it lies to you. If you click the first link in a search-results page, you'll pay 29% more than you would if you got the best product – a product that is, on average, 17 places down on the results page. Amazon makes $38b/year taking bribes to lie to you:

https://pluralistic.net/2023/11/06/attention-rents/#consumer-welfare-queens

Amazon can do more than that. Thanks to its digital nature, it can continuously reprice its offerings – indeed, it can simply make up each price displayed on every product at the instant you look at it – based on its surveillance data about you, estimating your willingness to pay. For sellers, Amazon can continuously re-weight the likelihood that a given product will be shown to a customer based on the seller's willingness to discount their products, even to the point where they go out of business:

https://www.businessinsider.com/sadistic-amazon-treated-book-sellers-the-way-a-cheetah-would-pursue-a-sickly-gazelle-2013-10

Twiddling, in other words, lets digital services honeycomb their servers with sneaky wormholes that let them siphon value away from one kind of platform user and give it to another (as when Apple silently began spying on Iphone owners to create profiles for advertisers), or to themselves.

But hard-goods businesses struggle to do this kind of twiddling. Not for lack of desire – but for lack of capacity. Jeff Bezos, owner of Amazon Fresh – an online grocery store – can change prices and layout millions of times per day, at effectively zero cost. Jeff Bezos, owner of Whole Foods – a brick-and-mortar grocer – needs a army of teenagers on rollerskates with pricing guns to achieve a fraction of this agility.

So hard-goods businesses are somewhat enshittification-resistant. It's not that their owners are more interested in the welfare of their customers, workers and suppliers – they merely lack the capacity to continuously rejigger the way their business runs.

Well, about that.

Grocers have been experimenting with "electronic shelf labels" in order to do "dynamic pricing" – that means that prices change quickly, in response to circumstances:

https://www.npr.org/2024/03/06/1197958433/dynamic-pricing-grocery-supermarkets

This doesn't have to be bad! As @planetmoney points out, it's a little weird that grocers don't discount milk whose sell-by date is drawing near. That milk is worth less to shoppers, because they have to use it more quickly lest it expire. Instead of marking down the price of perishable goods – day-old lettuce, yesterday's bread, etc – grocers put them on the shelves next to fresher, more valuable products, leading to billions of dollars' worth of food-waste and and unimaginable quantities of methane-producing, planet-cooking landfill.

In Norway, ESLs are pretty well established and – at least according to Planet Money's reporting – they are used exclusively to offer discounts in order to reduce waste. They make everyone better off.

But towards the end of the story, they note that Norway's grocery sector – which alters prices up to 2,000 times per day – has been accused of using ESLs to rig prices, hiking them and blaming them on pandemic supply-chain problems and loose monetary policy. Greedflation, in other words.

Greedflation is rampant in the grocery sector, all around the world. Remember when the price of eggs doubled and they blamed in on bird-flu, even as the CEO of the one company that owns every egg brand you've ever heard of boasted about how he could hike prices and suckers would just pay it?

https://pluralistic.net/2023/01/23/cant-make-an-omelet/#keep-calm-and-crack-on

In Canada, grocers rigged the price of bread, the most Les-Mis-ass form of corporate crime you can imagine (do you want guillotines, Galen Weston? Because this is how you get guillotines):

https://en.wikipedia.org/wiki/Bread_price-fixing_in_Canada

EU grocers – another highly concentrated industry – also collude to rig prices:

https://pluralistic.net/2023/09/17/how-to-think-about-scraping/

Which is all to say that while these companies don't have to use the twiddling capabilities that come with ESLs to enshittify their stores, we'd be pretty fucking naive to assume that they won't.

And here's the bad news: US grocers like Whole Foods (owned by Amazon, the company that wrote the enshittification playbook) are already experimenting with ESLs. So is Alberstons/Safeway, the massive, inbred conglomerate that has already demonstrated its passion for using twiddling to fuck over their workers:

https://knock-la.com/vons-fires-delivery-drivers-prop-22-e899ee24ffd0/

Economists love "price discrimination" – where prices change based on circumstance, trying to match the perfect price with the perfect customer. On paper, that sounds plausible: if I need a quart of milk for a recipe I'm making tonight and I get a 50% discount on some about-to-expire 2%, then everyone's better off. I get a discount and the grocer gets some money for milk they'd have to throw away at the end of the day.

But these elegant, self-licking ice-cream cones only emerge if the corporation offering the deal is constrained. Perhaps they're constrained by competition – the fear that you'll go elsewhere. Or perhaps they're constrained by regulation – the fear that they'll be punished if they use twiddling-tech to cheat you.

The grocery sector, dominated by a cartel of massive companies that routinely collude to rip us off, is not constrained by competition. And for years, regulators let them get away with ripping us off (though finally that might be changing):

https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html?unlocked_article_code=1.ek0.t2Pr.g4n2usbxEcoa

For neoclassical economists, the answer to all this is "caveat emptor" – let the buyer beware. If you want to make sure that ESLs are only used to offer you discounts and not to gouge prices, all you need to do is note the price of everything you buy, every time you buy it, and triple-check it every time you go back to the grocery store. Just be eternally vigilant!

Thing is, the one thing computers are much better at than humans is vigilance. With ESLs and other twiddling mechanisms, you're a fish on a hook, and the seller is tireless in giving you a little more slack, then a little less, until you finally drop your guard.

Economists desperately want these elegant models to work, but "efficient market hypothesis" is a brain-worm that always turns into apologetics for fraud. Dynamic markets sound like a good idea, but they are catnip for cheaters. "Just be eternally vigilant" is miserable advice, and no way to live your life:

https://pluralistic.net/2023/02/24/passive-income/#swiss-cheese-security

In his brilliant novel Spook Country, @GreatDismal describes augmented reality as "cyberspace everting" – that is, turning inside-out:

https://memex.craphound.com/2007/07/31/william-gibsons-spook-country/

The extrusion of twiddling technology from digital platforms into the physical world isn't cyberspace everting so much as it is cyberspace prolapsing.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/03/26/glitchbread/#electronic-shelf-tags

[nyaa]

[まつだひかり]

[javiar]

Your Flowers Never Bloom Stalk Market

[coconut-puonch]

AAAAAAAAA

[techtimechronicles24]

🇺🇲 Let's explore the captivating rise and fall of Virtuality Group, a pioneering force in virtual reality gaming that made a lasting impact on the industry!

📑 Virtuality Group was originally founded in October 1987 as "W Industries", named after Dr. Jonathan D Waldern, and later rebranded as Virtuality in 1993. The company quickly became a trailblazer in VR technology, crafting immersive gaming experiences that ignited the imaginations of players worldwide. Their innovative arcade systems offered unprecedented levels of interactivity and immersion.

🚀 Virtuality's timing was impeccable, coinciding with a surge in public interest in virtual reality technology in the early 1990s, fueled in part by the film "Lawnmower Man." Recognizing gaming as the primary market for VR devices, Virtuality released the 1000CS arcade variant of the 1000SU in 1991, leveraging the "cyberspace" branding that resonated with the era's VR buzz.

💰 Virtuality's groundbreaking VR systems found diverse applications, from networked telepresence experiments at British Telecom Research Laboratories to corporate use by companies like Ford, IBM, Mitsubishi, and Olin.

🎮 The mid-1990s marked a pivotal moment for Virtuality Group with collaborations alongside gaming giants Sega and Atari, resulting in groundbreaking products such as Sega's VR-1 motion simulator and Atari's Jaguar VR headset. These partnerships underscored VR's potential for mainstream gaming audiences.

💔 Despite early success, Virtuality Group encountered significant challenges that led to their bankruptcy. Factors like high production costs, limited consumer adoption of VR technology, and fierce competition in the gaming market contributed to their decline. The shift towards home gaming systems accelerated the decline of arcade sales, and Virtuality's attempts to penetrate the home VR market fell short, ultimately leading to bankruptcy in 1997.

🌐 Virtuality Group's legacy endures as a testament to the early days of VR gaming, highlighting the risks and rewards of innovation in the tech industry. Their collaborations with Sega and Atari continue to inspire advancements in VR technology today.

[junipercastor]

that very brief but supercharged amount of time in 2020 that 'hyperpop' was at the forefront of popular music... yeah im glad we got past that

[maxmvo]

Spotify Playlist Cover, 'Deep City Mood' Spotify playlist cover project. The playlist focus on a side of Contemporary Jazz that has a lot of experimentation and 'edgyness' on it. So the cover tried to follow this mood with a very contemporary design dialect.

Playlist Cover, 'Synth City' Spotify playlist cover project. The focus was to try to convey the grittiness and urban pose electronic music has in it's context of being.

[softileo]

Join us to become advance future Online Business Owner. Stay updated with trends, best practices, and insights from our team.

[v5-it-solution]

Budget Friendly Laptop Now in Noida India 📍📍📍

Call For Demo @9625257424

[solarwinning]

Summer is the season of light, airy fabrics and vibrant colors, making it the perfect time to refresh your wardrobe with stylish women's clothing. From flowy dresses to chic tops and shorts, summer fashion offers endless possibilities to express your personal style and stay cool in the heat.

One of the key trends for summer 2021 is the resurgence of bold prints and patterns. Whether you opt for tropical florals, retro polka dots, or geometric designs, incorporating playful prints into your wardrobe can instantly elevate your look and add a touch of fun to your outfits. Pair a floral maxi dress with strappy sandals for a feminine and effortless summer ensemble, or mix and match different prints for a fashion-forward statement.

Another must-have for summer is lightweight and breathable fabrics like cotton, linen, and silk. These natural fibers are not only comfortable to wear in hot weather but also exude a sense of elegance and sophistication. A linen button-down shirt paired with high-waisted shorts is a classic summer look that never goes out of style, while a silk slip dress can take you from day to night with ease.

When it comes to colors, pastels and bright hues are dominating the summer fashion scene this year. Soft shades of lavender, mint green, and baby blue evoke a sense of serenity and tranquility, while bold colors like hot pink, neon yellow, and electric blue make a statement and demand attention. Experimenting with color can be a fun way to inject energy into your wardrobe and showcase your personality.

Accessories play a crucial role in completing your summer outfits. Straw hats, oversized sunglasses, and woven bags are all essential accessories that not only add flair to your look but also provide practical sun protection. Layering delicate gold jewelry or statement earrings can elevate even the simplest of outfits and add a touch of glamour to your summer style.

In conclusion, summer fashion is all about embracing lightness, color, and creativity. Whether you prefer bohemian vibes, minimalistic chic, or bold and edgy looks, there are endless possibilities to explore and experiment with in the world of women's summer clothing. So go ahead, have fun with your style, and let your wardrobe reflect the sunny spirit of the season!

[whatzitoyuh]

I have an oscilloscope now.

[nerdyqueerandjewish]

Remembering as a kid having a distinct preference for non-electronic, “old school” toys and it’s like… what on earth inspired me to be a hipster at such a young age