India’s Electronics Manufacturing Boom
India’s Electronics Manufacturing Boom India has emerged as the world's second-largest mobile manufacturing country , surpassing Vietnam and following China. The country has seen rapid expansion in electronics production and exports , making significant strides in the global supply chain. Key Highlights of India's Electronics Manufacturing Sector Mobile Manufacturing in India ✔ 99.2% of all mobile phones sold in India are made domestically. ✔ Mobile phones constitute 43% of India’s total electronics production. ✔ Government initiatives like PLI (Production Linked Incentive) schemes have boosted local production. Growth of India's Electronics Sector ✔ Total Valuation: Electronics production reached USD 155 billion in FY23 . ✔ Production Growth: Increased from USD 48 billion in FY17 to USD 101 billion in FY23 . ✔ Global Share: Despite rapid growth, India contributes less than 1% of the global electronics market . India’s Electronics Exports ✔ Electronics is now India’s fi...