“In FY 2013-14 the electronics manufacturing was Rs 1,80,454 crore ($29.8 billion) and has grown significantly to Rs 8,22,350 crore ($102 billion) in FY 2022-23, which is further expected to grow up to Rs 23,95,195 crore ($300 billion) by 2026.
Domestic electronics manufacturing increased over 4-fold to Rs. 8.22 lakh crore in the last 10 years, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev Chandrasekhar informed the Lok Sabha that India has now reached a stage where 99.2 % of mobile handsets being used in the country are manufactured domestically, and from being an importer in the segment, the country has now become an exporter.
“In FY 2013-2014, the electronics manufacturing was Rs. 1,80,454 crore ($29.8 billion) and has grown significantly to Rs 8,22,350 crore ($102 billion) in FY 2022-23, which is further expected to grow up to Rs 23,95,195 crore ($ 300 billion) by 2026.
He said the country exported mobile phones worth $11.1 billion in the financial year 2022-23.
