Ten years ago, India used to import 98% of mobile phones, but now 99% of them are manufactured within the country, according to Union IT and Communications Minister Ashwini Vaishnaw.
He mentioned that mobile phone exports are expected to surge to USD 50-60 billion from USD 11 billion last year, with employment in electronics manufacturing set to rise from 10 lakh to 25 lakh soon.
Vaishnaw emphasized India’s growth prospects, predicting it to become the third-largest economy by 2027 and achieve a market capitalization of USD 10 trillion by 2030.
The minister highlighted the significant strides made in infrastructure development, such as railway network expansion and airport growth.
He mentioned the government’s efforts in improving various sectors and bringing millions of people out of poverty, showcasing India’s positive trajectory in global discourse.
For more information visit at https://happenrecently.com/zepto/?amp=1
