Hardware exports are poised to reverse the declining trend of the past few years with a 7-8% growth this fiscal, a senior official of the Electronics and Computer Software Export Promotion Council (ESC) said. The growth is coming on the back of traction for products in new areas, “specially in the areas of power electronics, UPS systems, electronic energy meters. These are new upcoming items of export from India,” he said, adding that these would drive growth in the next two to three years. Hardware exports touched a peak of $7.2 billion a couple of years ago. Last year, they were around $6 billion, he said, attributing the decline to shutting down of large facilities such as those by Nokia for cellphone manufacturing in Chennai. On the prospects, Mr. Sareen said some larger players were likely to relocate their factories from China to India in the backdrop of the ongoing U.S.-China trade war.