%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(44).png "Report on “Electronics: Powering India’s Participation in Global Value Chains” by NITI Aayog")
- The comprehensive analysis highlights India’s electronics sector’s potential and challenges, emphasizing the need for specific strategies to position India as a global manufacturing hub for electronics.
- Here are some key points from the report:
- India’s Electronics Sector Growth:
- India’s electronics sector has experienced rapid growth, reaching USD 155 billion in FY23.
- Production nearly doubled from USD 48 billion in FY17 to USD 101 billion in FY23, driven primarily by mobile phones (which now constitute 43% of total electronics production).
- India has significantly reduced its reliance on smartphone imports, now manufacturing 99% domestically.
- Challenges and Opportunities:
- Despite progress, India’s electronics market remains moderate, accounting for only 4% of the global market.
- The global electronics market, valued at USD 4.3 trillion, is dominated by countries like China, Taiwan, USA, South Korea, Vietnam, and Malaysia.
- India needs to localize high-tech components, strengthen design capabilities through R&D investments, and forge strategic partnerships with global technology leaders.
- Value Addition and Job Creation:
- India’s electronics production stands at USD 101 billion (FY23), comprising finished goods production (USD 86 billion) and components manufacturing (USD 15 billion).
- Exports total approximately USD 25 billion annually, reflecting India’s increasing role in the global electronics market.
- The sector has contributed 15% to 18% of domestic value addition and generated approximately 1.3 million jobs.
Question:
1 What percentage of India’s electronics production is constituted by mobile phones?
- A) 25%
- B) 43%
- C) 50%
- D) 99%
