US tariff hit on India: Electronics sector faces $20–30 billion potential loss; semiconductors could be next in line

India’s electronics sector anticipates potential losses of $20-30 billion due to impending US tariffs, particularly on semiconductors. While smartphone exports, dominated by Apple and Samsung, might receive exemptions, other electronics face significant tariffs. This shift could increase India’s reliance on smartphone exports, negatively impacting the broader electronics ecosystem and overall export diversification.