India is now the world’s second-largest mobile manufacturing country after China, followed by Vietnam. 99.2% of mobile phones sold in India are made domestically. Mobile phones account for 43% of India’s total electronics production. The electronics sector grew rapidly, reaching a valuation of USD 155 billion in FY23. Electronics production nearly doubled from USD 48 billion in FY17 to USD 101 billion in FY23. Electronics is now India’s fifth-largest export commodity. Despite growth, India holds less than 1% of the global electronics export share.
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