Big impact of ‘Make in India’, India’s mobile production exceeds 2 billion.

Make in India, Mobile Phone Manufacturer, CAGR, 2 Billion Mark, Production Linked Incentive, Counter India TV Hindi

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The increasing digital literacy in India has also influenced the production of mobile phones.

Make in India Effect: The Make in India initiative has had a major impact on mobile phone production. This move led to a multi-fold increase in India’s mobile phone production. Due to this move by the Government of India, India has now become the second largest mobile phone manufacturer in the world. Mobile phone shipments in India are expected to cross the 2 billion mark between 2014 and 2022. Mobile phone production recorded a compound annual growth of about 23 percent during this period.

According to a research report by Counterpoint, increasing digital literacy and government pressure are the main reasons behind the increase in mobile production. Today, India has become the second largest mobile manufacturing country in the world due to the important and effective decisions of the Government of India.

Research director Tarun Pathak said that in 2022, over 98 percent of the total mobile phone market was accounted for by makes in India alone, compared to just 19 percent in 2014 when the Modi government came in on austerity measures. . The research also states that several companies are rapidly setting up their units in India, which has had a huge impact on mobile production as well as job growth.

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