Question
What was the value of India's electronics sector in
FY23, and what percentage of the total electronics production was constituted by mobile phones?Solution
The NITI Aayog report "Electronics: Powering India’s Participation in Global Value Chains" states that India's electronics sector reached USD 155 billion in FY23. It also highlights that mobile phones make up 43% of the total electronics production. This significant growth in the sector, especially in mobile phones, has been a major contributor to the overall increase in electronics production from USD 48 billion in FY17 to USD 101 billion in FY23.
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