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Electronic goods exports up by 49% on-year in April-Dec 2021

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Electronic goods exports up by 49% on-year in April-Dec 2021

India’s electronics exports rose 49 percent to $11 billion in the April-December 2021 period, compared with $7.4 billion in the same period in 2020, the Ministry of Commerce and Industry said in a statement.

The top five export destinations for April-November 2021 are the US (18%), the UAE (16.6%), China (7.6%), the Netherlands (4.5%) and Germany (4.2%).

Meanwhile, electronics exports reached $1.67 billion in December 2021, up 33.99 percent, surpassing December 2020’s $1.25 billion.

Electronics exports totaled $11.11 billion in FY21.

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“The industry’s $11 billion in exports in the first three quarters of FY22 will break an all-time high and far exceed the previous high of $11.7 billion set in FY20,” the ministry added.

The electronics segment includes IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, automotive electronics, electronic components, LED lighting, wearable and hearable devices, and telecommunications equipment. Mobile phones are a major part of India’s electronics exports.

The Ministry of Electronics and Information Technology (MeitY) has recently published the second volume of a 5-year roadmap and vision document for the electronics industry; the first volume will be released in November 2021.

The document lays out a “roadmap to transform India from its current US$75 billion to a US$300 billion electronics manufacturing powerhouse over the next 5 years. This will place electronics among the top 2-3 Indian exports by 2026”.

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According to the vision document, electronics exports are expected to increase from $15 billion in 2021-22 to $120 billion in 2026.

Complete News Source : Business Standard

Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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