India has emerged as the world's second-largest mobile phone manufacture, marking transform in its electronics sector over the past decade. this was announced by Union Minister Electronics and Information Technology Ashwini Vaishnaw on Tuesday, February 4.
India's rise in Mobile Manufacturing
India has made significant progress in mobile and electronics manufacturing and become the world’s 2nd largest mobile manufacturing country. In 2014, India had only 2 mobile manufacturing units but fast forward to today, the nation boasts over 300 manufacturing units, underscoring a significant expansion in this vital sector.
In 2014 -15 only 26% of the mobile phones which were being sold in India were made in India, the rest were being imported. It is worth mentioning that today, 99.2% of all mobile phones which are sold in India are made in India. The manufacturing value of mobile phones has surged from ₹18,900 crore in FY14 to a staggering ₹4,22,000 crore in FY24.
More than 325 to 330 million mobile phones a year are being manufactured in India and on average there are about a billion mobile phones in use in India. Indian mobile phones have virtually saturated the domestic market and that's there's a substantial uptick in the exports of mobile phones. The exports, which were almost non-existent in 2014, have now surpassed ₹1,29,000 crore in 2024,underlying
India's growing footprint in the global market.
Currently, India produces over 325 to 330 million mobile phone annually, catering a domestic market with the nearly a billion active devices.
Ashwin Vaishnaw shared on social media platform X.
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