What are the key reasons behind India’s rising electronic exports?
In last few years, the government has launched a slew of schemes to boost local manufacturing of electronic goods
Value of domestic manufacturing/assembly of mobile phones has jumped nearly eightfold from $3.1 billion in FY15 to $24.3 billion in FY19
Amid the gloom in India’s economic data, one bright spot that has emerged is the rising trend in exports of electronics. Total production of electronic goods in value terms more than doubled from $31.2 billion in FY15 to $65.5 billion in FY19, led by mobile phones, shows data from the Reserve Bank of India’s annual report issued on 29 August.
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