NITI Aayog says India telecom equipment exports stayed at $0.6-1bn

TL;DR: NITI Aayog said India’s telecom and network equipment exports were $0.6-1 billion a year in 2020-2024, while imports were $4-5 billion a year and more than 80% of critical components were sourced from China.

NITI Aayog said India’s telecom and network equipment sector could double its share of GDP, but it needs urgent policy support. The finding was published in a report cited by The Economic Times.

The report said domestic telecom and network equipment exports remained at 0.2-0.3% of India’s total exports, equal to $0.6-1 billion annually during 2020-2024. The same report said annual imports were $4-5 billion, equal to 0.7-1.1% of total imports.

The report said more than 80% of critical components, including 4G and 5G antennas and signal processors, were sourced from China. NITI Aayog said this import dependence shows the need for policy support for India’s telecom and network equipment sector.

Related questions

• What export value did NITI Aayog report for India’s telecom and network equipment sector in 2020-2024?
• How much did India import in telecom and network equipment annually, according to the report?
• Which country supplied more than 80% of critical telecom components mentioned in the report?