India Electronics Exports: Indian electronics products gain global preference; As much as exports towards ‘so’ crores

• Indian electronics manufacturing preferred in the world
• Exports of the country reached 4 lakh crores
• Global triumph of ‘Make in India’

India Electronics Exports: Indian electronics products are gaining popularity abroad. India’s electronics exports are estimated to cross Rs 4 lakh crore by 2025. Union Minister Ashwini Vaishnav said while talking to the media that this increase is mainly due to significant increase in government policies in products like mobile phones. Smartphone Exports recently revealed that 1 out of every 4 phones manufactured in India is exported. According to the India Cellular and Electronics Association, mobile phone exports alone could touch Rs 2.7 lakh crore by the end of the current financial year.

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This overseas growth of Indian electronics products is not only generating huge employment but also earning huge amount of foreign exchange. Due to which it is seen that businessmen including India are getting financial benefits. Similarly, some important issues and future prospects were also examined. It is predicted that there will be a semiconductor revolution. Four new refining plants will start commercial production in 2026, which is expected to further boost exports. ‘Make in India’ (Make In India) India is making a big record as it expands globally.

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With these increasing exports, Apple is on its way to establishing dominance. iPhone exports in India have grown nearly 100% year-on-year. In the premium and super-premium smartphone segment, Apple (Apple) is leading. Global supply chain India is benefiting from the US tax on China and the ‘China Plus One’ policy of global companies. According to Neil Shah (Counterpoint), mobile phone production in India is expected to reach 300 million units. All this is also likely to bring huge economic benefits to India. This growth is not only generating huge employment but also earning significant foreign exchange for the country.