|
Domestic electronics manufacturing up 4-fold to Rs 8.22 lakh crore in FY23: MoS IT
![IndiaTimes]()
Wednesday, 6 December 2023
Domestic electronics manufacturing in India has increased over 4-fold in the last 10 years, reaching Rs 8.22 lakh crore. India now manufactures 99.2% of the mobile handsets used in the country and has transitioned from an importer to an exporter. The electronics manufacturing industry is expected to grow up to Rs 23,95,195 crore by 2026. In the financial year 2022-23, India exported mobile phones worth USD 11.1 billion. The sector has already created 2.5 million jobs and is estimated to reach 10 million jobs by 2025-26.
|
|
Wednesday, 6 December 2023
