The booming Apple iPhone production in India, and the latest sanctions on Russian oil firms by Donald Trump, may power electronics to become the second most-shipped exports category in India. It’s a story of rise in electronics exports and a likely fall in India’s oil exports as US sanctions may hit the flow of discounted Russian crude. According to an ET report, electronics exports are projected to surpass petroleum products as India's second-highest export category, following US sanctions that could hit Indian refiners' Russian crude purchases. "At the current rate, electronics exports will double from FY23 to FY26," an analyst was quoted as saying.

Export analysts indicate that oil shipments could experience a steeper downturn following US sanctions on discounted Russian c

See Full Page