<p>Indigenous electronics production is expected to reach Rs 8.42 lakh crore and export Rs 1.76 lakh crore in the current financial year, Parliament was informed on Wednesday.</p>.<p>Minister of Electronics and IT <a href="https://www.deccanherald.com/tag/ashwini-vaishnaw" target="_blank">Ashwini Vaishnaw </a>in his submission to the Lok Sabha said India's share of global exports has increased to approximately 1.8 per cent in the current year from 1.2 per cent last year.</p>.<p>"The domestic production of electronic items is expected to reach Rs 8.42 lakh crore ($105 billion) in the current FY 2022-23 as compared to Rs 6.40 lakh crore ($87.35 billion) in FY 2021-22 and is targeted to reach Rs 24 lakh crore ($300 billion) by 2025-26," Vaishnaw said.</p>.<p>The minister also said that the export of electronic goods has increased from Rs 39,978 crore ($5.96 billion) in FY 2016-17 to Rs 1,09,797 crore in FY 2021-22 ($14.6 billion), exhibiting a compound annual growth rate (CAGR) of 22.39 per cent.</p>.<p>"India's electronic exports are expected to reach Rs 1.76 lakh crore ($22 billion) in the current FY 2022-23 as compared to Rs 1.09 lakh crore ($14.6 billion) in FY 2021-22," Vaishnaw added.</p>.<p>According to data shared by the minister, Karnataka led the electronics exports chart with exports worth $3,898 million (about Rs 3.22 lakh crore), followed by Uttar Pradesh $3,792 million (Rs 3.13 lakh crore).</p>
<p>Indigenous electronics production is expected to reach Rs 8.42 lakh crore and export Rs 1.76 lakh crore in the current financial year, Parliament was informed on Wednesday.</p>.<p>Minister of Electronics and IT <a href="https://www.deccanherald.com/tag/ashwini-vaishnaw" target="_blank">Ashwini Vaishnaw </a>in his submission to the Lok Sabha said India's share of global exports has increased to approximately 1.8 per cent in the current year from 1.2 per cent last year.</p>.<p>"The domestic production of electronic items is expected to reach Rs 8.42 lakh crore ($105 billion) in the current FY 2022-23 as compared to Rs 6.40 lakh crore ($87.35 billion) in FY 2021-22 and is targeted to reach Rs 24 lakh crore ($300 billion) by 2025-26," Vaishnaw said.</p>.<p>The minister also said that the export of electronic goods has increased from Rs 39,978 crore ($5.96 billion) in FY 2016-17 to Rs 1,09,797 crore in FY 2021-22 ($14.6 billion), exhibiting a compound annual growth rate (CAGR) of 22.39 per cent.</p>.<p>"India's electronic exports are expected to reach Rs 1.76 lakh crore ($22 billion) in the current FY 2022-23 as compared to Rs 1.09 lakh crore ($14.6 billion) in FY 2021-22," Vaishnaw added.</p>.<p>According to data shared by the minister, Karnataka led the electronics exports chart with exports worth $3,898 million (about Rs 3.22 lakh crore), followed by Uttar Pradesh $3,792 million (Rs 3.13 lakh crore).</p>