200 Crore devices..! 2nd in Mobile production..!?
Due to the Make in india program of the government of india, india has reached the second position in the field of mobile production. india has achieved this feat by manufacturing around 200 crore mobiles. Global research firm Counterpoint's report also states that the government's focus is shifting towards establishing india as a semiconductor powerhouse.The central government's 'Make in India' initiative has boosted domestic mobile production between 2014-2022 and india is set to build 200 crore mobile devices. Global research firm Counter Point reports that india has registered a compound annual growth of nearly 23 percent in mobile phone shipments. The report states that this achievement has been achieved due to booming domestic demand in india, growing wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital literacy in the country and government support. With this, india has now become the second largest mobile phone manufacturer in the world.
The report states that the government has systematically launched several initiatives to promote local manufacturing, including Make in india, Production Linked Incentives and Atmanirbhar Bharat. Due to this, there was a tremendous boom in mobile phone manufacturing at the domestic level. The report further states that 98 percent of all mobile phone shipments from india in 2022 were made domestically. If you compare it to 2014 then it is a huge jump from 19 percent to 98 percent in 2022. This is a surprising result. This has not only increased production but also boosted investment, job opportunities and industrialization.
The report states that the government has systematically launched several initiatives to promote local manufacturing, including Make in india, Production Linked Incentives and Atmanirbhar Bharat. Due to this, there was a tremendous boom in mobile phone manufacturing at the domestic level. The report further states that 98 percent of all mobile phone shipments from india in 2022 were made domestically. If you compare it to 2014 then it is a huge jump from 19 percent to 98 percent in 2022. This is a surprising result. This has not only increased production but also boosted investment, job opportunities and industrialization.