New Delhi
At present everyone is using mobile phones. In a country with a large population like India, this figure is quite high. But the interesting thing is that India is ahead in using mobile as well as in producing it. Yes, India has achieved a significant milestone in mobile handset manufacturing, with almost 99% of the devices used in the country being manufactured domestically.
Minister of State for Electronics and Information Technology Jitin Prasad shared this information with the Parliament, saying that the home electronics sector has witnessed considerable growth in the last decade.
The production value of electronics in India increased from Rs 1,90,366 crore in FY 2014-15 to Rs 9,52,000 crore in FY 2023-24. This represents a compound annual growth rate (CAGR) of more than 17%. The country has transformed from a major importer of mobile phones to an exporter.
Mobile Manufacturing and Export Growth In FY 2014–15, about 74% of mobile phones sold in India were imported. Now, India makes 99.2% of its mobile handsets domestically. This shift reflects India’s growing capabilities in electronics manufacturing and its emergence as a mobile exporting country. Prasad said the electronics sector has created about 25 lakh jobs directly and indirectly. This growth can be attributed to various government initiatives aimed at promoting the industry.
25 lakh jobs created in electronics sector
About 74% of mobile phones sold in India in fiscal year 2014–15 were imported. At the same time, India now makes 99.2% of its mobile handsets domestically. This change reflects India’s growing capabilities in electronics manufacturing as well as its emergence as a mobile exporter country. Jitin Prasad said that the electronics sector has created about 25 lakh jobs directly and indirectly. This growth can be attributed to various government initiatives aimed at promoting the industry.
India became exporter of mobile phones from importer
The production value of electronics in India increased from Rs 1,90,366 crore in FY 2014-15 to Rs 9,52,000 crore in FY 2023-24. This shows a compound annual growth rate (CAGR) of more than 17%. The country has transformed from a major importer of mobile phones to an exporter.
‘Semicon India’ started at a cost of Rs 76 thousand crores
The government has launched SEMICON India program with an investment of Rs 76,000 crore. The objective of this initiative is to develop semiconductor and display manufacturing ecosystem within the country. Apart from this there are other schemes to support large scale electronics and IT hardware manufacturing. Production Linked Initiative Scheme (PLI) and Scheme to Promote Manufacturing of Electronic Components and Semiconductors (SPECS) are one of these efforts. The aim of all such initiatives is to increase India’s competitiveness in the global electronics market. However, quality and pricing competition with global players also presents many challenges.
Government initiative to promote electronics sector Government has launched Semicon India program with an investment of Rs 76,000 crore. The initiative aims to develop semiconductor and display manufacturing ecosystem within the country. Additionally, there are other schemes to support large-scale electronics and IT hardware manufacturing.
Prasad highlighted these issues while discussing India’s progress in electronics manufacturing. Addressing these challenges is important to sustain growth and enhance India’s position in the global market.
