Make in India: Smartphone Exports Register 700% Growth in A Year

New Delhi: The Modi government in its first term launched the Make in India campaign to boost production in the country. The effect of this scheme is now visible. Five years after the launch of the scheme, production of electronics goods has doubled. India has now joined the list of smartphone exporters. Smartphone exports from India are being made to the United Arab Emirates i.e. UAE, Russia, South Africa and China. Smartphone exports have increased by 700 per cent in a year.

Giving this information in the RBI’s annual report, 2018-19, it has been said that along with Make in India, mobile phone handsets and components manufacturing has emerged as a flagship sector. The import of mobile phones has come down due to the production of domestic mobile phones. According to the report, the export of smartphones from India in FY 2017-18 was just $ 200 million, which increased to $ 160 million in FY 2018-19.

Meanwhile, according to the latest data from the Ministry of Commerce, smartphone exports from India have crossed $ 1 billion during the first four months (April-July) of the current financial year. The report said that the production of electronics goods in the country was valued at $ 31.2 billion in 2014-15, which has increased to $ 65.5 billion in FY 2018-19. The share of mobile handsets in this has increased from $ 3.1 billion to $ 24.3 billion. However, this plan was not as successful initially. Due to which the government has also suffered a lot of criticism.

Source: NTL

Image Courtesy: Mint