October 5, 2024 12:27 PM

India Emerges as Global Mobile Manufacturing Hub: From Importer to Exporter in a Decade

India's mobile phone industry has undergone a transformative journey over the past decade, evolving from a net importer to a global manufacturing powerhouse. This significant shift not only bolsters the nation's economy but also positions India as a key player in the global electronics market. In the fiscal year 2014-15, mobile phone production in India was valued at a modest ₹18,900 crore. Fast forward to 2023-24, and this figure is expected to escalate to an impressive ₹4.10 lakh crore. T...