India Emerges as the Second Largest Mobile Phone Manufacturer Globally
In a significant milestone for the Indian electronics manufacturing industry, the country has solidified its position as the world’s second-largest manufacturer of mobile phones. In the fiscal year 2023–24, India produced a staggering 2.45 billion units of mobile phones, amounting to a total worth of Rs 4.1 lakh crore. This remarkable achievement underscores the rapid growth and development of India’s electronics manufacturing sector, propelled by favorable government policies, technological advancements, and strategic investments. Over the past few years, the Indian government has implemented various initiatives such as the ‘Make in India’ campaign and production-linked incentive (PLI) schemes to promote domestic manufacturing and attract foreign investments. The surge in mobile phone manufacturing not only signifies India’s expanding industrial capabilities but also reflects the increasing demand for smartphones in both domestic and international markets. With a large consumer ...