Tensions between Iran and the United States have taken a lighter turn online, with both sides using humour and memes to make their point. One such post has now caught people’s attention for the way it mocks a major political claim. The post takes aim at US President Donald Trump
Agriculture has long been one of the strongest foundations of economic and social progress. It supports food security, generates livelihoods, supplies raw materials to industries, and sustains rural economies. Even today, for millions of families
43-year-old laid off from Amazon shares how he got a new job in 90 daysA man's post about landing a job after getting laid off from Amazon has resonated with many. Published on: Apr 28, 2026 11:05 AM IST By Trisha Sengupta Share via Copy link A 43-year-old professional has gone viral after
Farhan Akhtar breaks silence on Don 3 row after Ranveer Singh’s exit: ‘Nothing can be taken for granted’Farhan Akhtar recently opened up about the Don 3 fallout with Ranveer Singh, recalling the pleasant experiences he has had while making films in his career. Apr 28, 2026
Rimjhim Sinha has been an activist since 2016, first as a student at Kolkata’s Presidency University and then as part of the vibrant women’s movement in the city. But, by her own estimate, her activism never reached more than “100 or 150 people”
India-US trade breakthrough brings relief for electronics exports, spurs $100 billion ambition
The India-US trade deal may help drive bilateral electronics and semiconductor trade towards $100 billion and provide clarity to businesses even as concerns still linger over potential tariff risks linked to US Section 232 investigations, industry bodies and companies told ET.
They believe the latest trade momentum, supported by bilateral frameworks such as the Initiative on Critical and Emerging Technologies (iCET) and Trust Initiative (Transforming the Relationship Utilizing Strategic Technology), could de-risk investments and accelerate expansion across India's electronics and semiconductor ecosystem.
“The India-US trade deal will smoothen investments and expansions by improving market access, reducing systemic trade risks and enhancing supply-chain confidence,” said Ashok Chandak, president of India Electronics and Semiconductor Association (IESA) and Semiconductor Equipment and Materials International (SEMI), India.
Mobile phone-led electronics manufacturing would further accelerate exports, helping drive electronics and semiconductor trade towards $100 billion as part of the broader $500-billion bilateral trade vision, he said. The US is home to over 50% of the world's chip companies, he noted.
“Policy predictability is critical for capital-intensive semiconductor projects, and this clarity will allow companies to commit capital, scale manufacturing and enter technology partnerships without hesitation,” Chandak said.
Pankaj Mohindroo, chairman of India Cellular and Electronics Association (Icea), said the deal brings greater predictability to the trade relationship.
“Smartphones, along with products such as semiconductors and laptops, were already exempt from the reciprocal tariff framework, giving India an early edge in electronics exports to the US,” he said. “With India now better placed on tariff rates compared to several competing manufacturing nations, the deal can accelerate the shift of US-led global value chain firms towards India as a preferred manufacturing destination.”
While smartphones have anchored electronics trade with the US so far, Mohindroo said other electronics verticals are expected to scale rapidly in the coming years.
Icea's Indo-US Task Force for Electronics, which envisages $100 billion in electronics trade, will work closely with both governments and industry to convert the opportunity into sustained outcomes, he said. “We invite US lead brands across product segments to invest and manufacture in India.”
For electronics manufacturing services (EMS) and design-led manufacturing, the deal offers better planning visibility.
“It provides much-needed clarity on trade costs and significantly improves export visibility,” said Sneh Shah, whole-time director at Aimtron Electronics, an electronic system design and manufacturing (ESDM) service provider.
He said the predictable environment will help original design manufacturers (ODMs) plan capacity expansion, deepen localisation and integrate further into global electronics supply chains.
The benefits extend deeper into the semiconductor value chain, particularly in backend manufacturing.
Shetal Mehta, cofounder of outsourced semiconductor assembly and test (OSAT) company Suchi Semicon, said US chip companies reassessing supply-chain concentration risks are looking closely at cost predictability and long-term economics.
“Indian OSAT facilities today offer scalable capacity, improving yields and quality systems aligned with international standards,” he said. A clearer tariff framework reduces friction in commercial negotiations and improves India's chances of being included in multi-year backend manufacturing programmes rather than short-term pilot projects, Mehta added.
Lower tariffs are also expected to boost India's fabless and design ecosystem “at a time when American companies are reassessing sourcing strategies,” said Nikul Shah, cofounder and chief executive of IndieSemiC, a fabless chip design firm.
India's decision to eliminate tariffs on US technology imports would improve access to semiconductor IP, EDA tools and design ecosystems, he said. “This enables Indian companies to move beyond mature nodes toward more complex and application-specific designs and engage earlier in product development cycles with US OEMs,” Shah said.
Over time, this could strengthen India's position in high-value chip design and support a shift from services-led to product-led semiconductor innovation.
Concerns remain
But while Indian electronics products have so far been exempted from the US reciprocal tariffs, industry executives believe the threat of Section 232-linked curbs continues to hover over the sector. A similar probe into semiconductors earlier this month resulted in tariffs on a narrow set of chip products, pointing to the uncertainty facing global supply chains, they pointed out.
The US remains India's largest electronics export destination. Electronics shipments to the US stood at $16.74 billion in April-November of FY26, rising 120% annually, and accounting for 47.93% of India's total electronics exports of $34.93 billion over this period. This was mostly due to smartphone exports to US quadrupling to $12.54 billion, up from $4.18 billion in the same period of the preceding year.
Apprehensions over a looming tariff shock have led to electronics exporters trying to tap into key alternative export markets, ET had reported earlier. While holding much lower market shares, the UAE (8.71%), the Netherlands (6.48%), the UK (4.86%) and Germany (3.71%) were the other major buyer of Indian electronics.
“Last year, the US had repeatedly threatened separate tariffs on smartphones, computers. As a result, exporters are looking at other major markets to hedge risks,” an official at industry group CII said.
Industry leaders also cautioned that trade deals bring competition along with opportunity.
Jasbir Singh Gujral, managing director of EMS firm Syrma SGS, said the India-US deal, coming close on the heels of the India-EU free trade agreement, marks a turning point for Indian industry.
“What a week for India,” he said. “Now it is up to the industry to leverage these two deals for aggressive expansion and go full blast. At the same time, we must be ready for competition, as trade deals are two-way traffic.”
Gujral noted that high tariffs earlier made exports to the US unviable for many Indian electronics manufacturers. “With tariffs at 50%, exports to the US didn't work for us. At around 19% now, India is favourably placed compared to competing geographies, which makes Indian companies competitive in the US market,” he said.
With improved tariff positioning, stronger policy signals and rising investor confidence, industry executives believe the India-US trade breakthrough could mark a new phase of growth for India's electronics and semiconductor ambitions.
Source: EconomicTimes
Related Posts: India And US Move To Intensify Efforts On Bilateral Trade Agreement RBI MPC, India-US Trade Deal, FII Data Likely To Drive Sentiment Next Week From Bilateral Ties To TikTok Deal India-Malaysia enhance bilateral engagement during INS Sahyadri port call India, Bhutan review full spectrum of bilateral engagements India, Jordan Reaffirm Commitment To Strengthen Bilateral Cooperation EU deal to open $750 billion electronics market for Indian manufacturers Nirmala Sitharaman launches drive to help people claim their unclaimed assets PM Modi Holds Bilateral Meeting With South African President Cyril Ramaphosa At G-20 Summit PM Modi’s Malaysia visit to mark new phase in bilateral ties
A first information report has been registered against 13 persons, including students from Delhi University’s Hansraj College, for alleged violence and misconduct during an annual festival earlier this month, The Indian Express reported on Tuesday
7 hours ago
The second phase of elections for 142 Assembly seats in West Bengal on April 29 will decide the electoral fate of more than half a dozen Ministers of West Bengal government along with Chief Minister and party chairperson Mamata Banerjee. While the Trinamool Congress chairperson is locked in a
7 hours ago
Union Minister on Tuesday arrived in to participate in the foundation stone laying ceremony of the AI Data Centre at Tarluvada in Anandapuram mandal.Minister and other Telugu Desam Party public representatives welcomed Union Minister Ashwini Vaishnaw at Visakhapatnam Airport
7 hours ago
As many as 20 crore Indians could face life-threatening heat conditions, warns a report from the Harvard University’s Salata Institute. New Delhi: India’s rising heat is no longer only a seasonal discomfort. A new study warns that it is becoming a major challenge for jobs
7 hours ago
‘Return of pirates’: Tehran slams US' seizure of vessels carrying Iranian oil in Indian OceanIran has reportedly extended an offer proposing easing its grip on the Strait of Hormuz if the US ends its blockade on the key trade waterway. Published on: Apr 28
7 hours ago
The man who authorities say tried to storm the White House Correspondents' Association dinner with guns and knives was on Monday (April 27, 2026) charged with the attempted assassination of President Donald Trump. He appeared in court to face charges in a chaotic encounter that resulted in shots
7 hours ago
Manabadi AP SSC 10th Results 2026 Date Time Live: The Board of Secondary Education, Andhra Pradesh (BSEAP) is likely to release the AP SSC Results 2026 shortly. As per media reports, the results are expected to be announced in the final week of April. In the previous year
7 hours ago
Gold rate today: After delivering strong returns over the past two years, gold may be entering a more uncertain phase, prompting ASK Private Wealth to dial down its bullish stance. ASK Private Wealth CIO Somnath Mukherjee has shifted his tactical view on gold from “overweight” to “neutral”
7 hours ago
Winning the elusive Golden Ticket hidden in a Wonka Bar is every chocolate aficionado’s dream. The iconic, fictional pass created by Roald Dahl in his book Charlie and the Chocolate Factory gave five children the opportunity to tour one of the world’s biggest candy-making factories
7 hours ago
The BJP has launched an aggressive and multi-pronged campaign for the 2026 West Bengal Assembly elections, combining large welfare promises, a strong law-and-order agenda, development pledges, and cultural identity politics to challenge the ruling TMC. Unveiling its “Sankalp Patra
7 hours ago
For many in the ballroom at the White House Correspondents' Association dinner on Saturday night, the scene was painfully familiar. Shots fired, confusion and panic, and a sense that the normal order of things had been violently interrupted. Erika Kirk, whose husband
7 hours ago
After keeping a relatively quiet public profile in recent days, Deepika Padukone stepped out in Mumbai on Tuesday, drawing attention for more than one reason. The actor was spotted at the airport alongside husband Ranveer Singh, marking her first appearance since the couple shared news of their
7 hours ago
Mukesh Chhabra slams troll culture, reacts to ‘too much’ negativity around Ramayana, Dhurandhar: 'I feel bad and scared'Casting director Mukesh Chhabra praised for his work on Dhurandhar and Ramayana discusses the negativity surrounding both films. Apr 28, 2026
7 hours ago
China has blocked Meta’s acquisition of AI startup Manus, the top economic planning body said Monday, after a regulatory review that reportedly also saw Beijing restrict two co-founders from leaving the country. Facebook owner Meta had agreed to acquire Manus
7 hours ago
“Still or sparkling?" For the longest, even the most discerning diners didn’t really know the difference. I actually believed sparkling water meant soda. To feel fancy, you order the latter and the waiter brings a glass that hits the back of your throat with a punchy, aggressive fizz
7 hours ago
As app-based domestic services expand and discussions around wages in the informal sector grow louder, the sharp divide between traditional domestic workers and those employed through online platforms is becoming increasingly visible. For many women working in neighbourhood homes
7 hours ago
Executions rose sharply in North Korea during the Covid-19 pandemic, according to a Seoul-based NGO. From January 2020 to the end of 2024, at least 153 people were executed or sentenced to death - a sharp increase from 44 people in the five years before the pandemic
7 hours ago
It was close — really close — but Cooper Flagg had the edge where it counted. The Dallas Mavericks forward is now the 2025/26 NBA Rookie of the Year, narrowly beating former Duke teammate Kon Knueppel of the Charlotte Hornets. The 2025-26 @Kia NBA Rookie of the Year is… Cooper Flagg! pic
7 hours ago
Vedanta Demerger: Mining major Vedanta is set to undergo its much-anticipated demerger, under which four of the Anil Agarwal-led group’s businesses will operate as separate listed entities. The company has fixed May 1 as the record date to determine shareholder eligibility
7 hours ago
Ranveer Singh and Farhan Akhtar have been hitting headlines following a controversy that erupted after the Dhurandhar star walked away from Farhan’s upcoming film ‘Don 3’. Amid this, Farhan has finally reacted to it, and revealed what he learned from the setback. In a recent interview
7 hours ago
Anxiety around fuel prices, including LPG, has been high since the West Asia conflict has continued to disrupt the energy markets. While both domestic and commercial LPG cylinders have witnessed at least one hike each since March, media reports are suggesting a fresh revision in LPG prices from May
7 hours ago
CBSE Class 12th Result 2026 Release Date, Time Live Updates: The Central Board of Secondary Education is expected to declare the CBSE Class 12 results 2026 soon. Considering the rapid announcement of the Class 10 results this year and the use of the on-screen marking system
7 hours ago
Motorola Edge 70 Pro is a practical and polished pitch for phones under ₹40,000This clearly isn’t an annual spec-sheet exercise, as Motorola has gotten the fundamentals thoughtfully right Published on: Apr 28, 2026 10:35 AM IST By Vishal Mathur Share via Copy link It goes without saying that
7 hours ago
From early morning jogs in parks to all-day wear in offices and cafés, athleisure in form of stretch leggings, moisture-wicking T-shirts and stain-resistant jackets is no longer limited to the gym. But a recent report by The Washington Post has drawn attention to the presence of PFAS
7 hours ago
West Bengal votes today in the final phase of assembly elections. The outcome will decide if the TMC keeps its southern dominance or the BJP secures a path to the state secretariat. This phase focuses on Kolkata, Howrah, and surrounding districts, crucial for both parties
7 hours ago
Aamir Khan, R Madhavan, Sharman Joshi, and Kareena Kapoor Khan’s 3 Idiots, released in 2009, remains one of the most loved and impactful films to date. Directed by Rajkumar Hirani, the coming-of-age drama struck a chord with audiences across generations for its refreshing take on the education
7 hours ago
Neurologist shares dos and don’ts after waking to optimise health, mood, energy: First 60 mins sets the tone for the dayHow we start our morning influences the rest of the day. Dr Kumar lists waking up habits to inculcate and avoid to improve our health and mood every day. Updated on: Apr 28
7 hours ago
