According to a statement made by Ashwini Vaishnaw, the Minister of Electronics and Information Technology, 99.2% of all mobiles sold in India are now "Made in India." This is a significant milestone for India, as it marks a major shift towards self-reliance in the mobile manufacturing sector. In 2014, India was heavily reliant on imports for mobile phones, with only 22% of mobiles sold in the country being manufactured domestically. However, the government's "Make in India" initiative has helped to boost domestic manufacturing, and India is now one of the world's largest producers of mobile phones. The growth of the mobile manufacturing industry in India has also created millions of jobs and contributed to the country's economic growth.
Met Mobile industry to review progress.
— Ashwini Vaishnaw (@AshwiniVaishnaw) November 25, 2023
📱Industry has grown 20 times in 9 years.
👉2014: 78% import dependent
👉2023: 99.2% of all mobiles sold in India are ‘Made In India’. pic.twitter.com/SxUeDwNjsn
India has crossed a remarkable milestone in the mobile manufacturing sector as nearly 99.2% of mobile phones sold in the country in 2022 were domestically produced. This is a significant improvement from the previous year when 96% of mobile phones were manufactured locally. This achievement is a result of the government's Make in India initiative, which has been instrumental in attracting investments from global mobile manufacturers.
The rise in domestic mobile manufacturing has had a number of benefits for the Indian economy. It has created employment opportunities for millions of people, boosted the manufacturing sector, and reduced India's reliance on imports. Additionally, it has led to a decline in mobile prices, making smartphones more affordable for the average Indian consumer.
Here are some of the factors that have contributed to the growth of domestic mobile manufacturing in India:
- Government policies: The government has implemented a number of policies to encourage domestic mobile manufacturing, such as providing tax breaks, subsidies, and land for factories.
- Investments from global manufacturers: Global mobile manufacturers have been investing heavily in India, attracted by the country's large and growing market.
- Rising disposable incomes: The disposable incomes of Indians have been rising, making them more willing to spend on smartphones.
- Technological advancements: Technological advancements have made it easier and more cost-effective to manufacture smartphones in India.
The growth of domestic mobile manufacturing in India is a testament to the country's growing manufacturing prowess and its ability to attract foreign investment. This sector is poised for further growth in the years to come, as India continues to become a global leader in mobile manufacturing.
In addition to the economic benefits, domestic mobile manufacturing has also had a number of positive social impacts. It has created employment opportunities for women and people from marginalized communities. Additionally, it has helped to reduce pollution, as it has led to a decline in the import of electronic waste.
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