India’s electronics exports have achieved a significant milestone, ranking among the top three globally. Prime Minister Narendra Modi expressed his excitement over the achievement, crediting it to the innovative spirit of India’s youth, termed “youth power”. This progress underlines the government’s commitment to reforms and the “Make in India” initiative.
Global Ranking: India is now the third-largest exporter of electronics worldwide.
Export Value: In the first quarter of FY25 (April-June 2024), electronics exports surged to $8.44 billion, marking a 22% increase compared to the previous year.
This is indeed a matter of immense joy. India’s prowess in electronics is powered by our innovative Yuva Shakti. It is also a testament to our emphasis on reforms and boosting @makeinindia.
— Narendra Modi (@narendramodi) August 5, 2024
India remains committed to continuing this momentum in the times to come. https://t.co/KFAzD8lseP
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Shift in Rankings: Electronics exports have surpassed gems and jewelry to secure a top position among India’s ten leading exports.
Apple’s Contribution: A notable driver of this growth is the increase in Apple iPhone exports from India, which has significantly boosted the electronics sector.
Government Support: The Indian government has highlighted reforms and initiatives that foster innovation and entrepreneurship, contributing to this success.
Future Commitment
Prime Minister Modi reaffirmed India’s dedication to maintaining this momentum in electronics exports. He highlighted that the nation’s capabilities in this sector reflect a broader commitment to economic growth and self-reliance.
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