India’s electronics manufacturing sector is booming, creating more than 25 million jobs nationwide. Railways and Electronics Minister Ashwini Vaishnaw announced the double‑digit growth during a launch event in New Delhi on Saturday.
India is now exporting more smartphones to the United States than its regional neighbour, boosting the country’s profile as a top manufacturing destination. Vaishnaw highlighted that a major global company now makes 20 % of its total production in India. “This shows how rising demand leads to investment, which in turn fuels further growth,” he said.
GST reforms have helped keep the economy steady, especially for middle‑class families. Food prices dropped about 2 % over the last four months, protecting household budgets and sustaining consumer demand.
A key milestone for India’s tech future was announced: two new semiconductor plants – CG Semi and Kaynes – have begun production. These facilities bring India closer to self‑reliance in chip manufacturing, supporting the Prime Minister’s vision of a technologically empowered Bharat.
Vaishnaw pointed to the country’s 2024 GDP of Rs 335 lakh crore, with Rs 202 lakh crore from consumption and Rs 98 lakh crore from investment. The electronics sector saw record sales during Navratri, up 20‑25 % from the previous year. Retail chains reported soaring demand across TVs, washing machines, smartphones and air conditioners; 85‑inch TVs sold out completely, and many families upgraded to newer models, reflecting growing consumer confidence.
The data underline a virtuous cycle: high demand spurs investment, which drives further production growth and job creation—all while keeping prices in check for everyday shoppers.
Source: ianslive
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