ELECTRONICS COULD evolve from a rapidly growing export sector into the cornerstone of India’s next manufacturing and export-led growth cycle, Yes Securities said, with Monte Carlo simulations showing a 55.2 per cent probability of generating a high FTA Opportunity Score.
The broker age sees Engineering & Machinery and Pharmaceuticals as broadbased beneficiaries too, while Textiles, Gems & Jewellery and Specialty Chemicals face structural headwinds despite FTAs.
“India’s recent wave of FTAs marks a fundamental shift in economic strategy from cautious protectionism toward deeper global trade integration,” Yes Securities said in a research report. To assess impact, it built an FTA Opportunity Score combining five dimensions: change in sectoral export share, structural trade competitiveness, export momentum, manufacturing growth, profitability relative to exports and FDI intensity.
Monte Carlo tests ran 2000+ iterations by varying weights to check robustness. — ANI
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