Page 75 - Mann Ki Baat - English

25, India's robust constitutional mobile phone exports reaching
values and stable political, Rs 1,29,000 crores, marking a
policy, and legal systems remarkable transformation that
provide a favourable business underscores India's growing
environment. prominence in the global
A further fillip in the form of market. The sector now employs
the ingenious PLI schemes in 14 about 15 lakh people directly
key industries has helped India and almost 60 lakhs indirectly.
establish itself as a trusted The domestic auto-
partner, showcasing resiliency components industry has
and integrating into the Global also been able to expand
Value Chains (GVCs). by supplying parts and
Global market integration components globally, growing
is essential for sustainable at around 10% to clock the
economic growth. highest-ever turnover of US
Approximately 70% of global Dollar 74.1 Billion and exporting
trade is linked to GVCs, where over US Dollar 21.2 Billion.
different stages of production Boosted by the Ease of
are located across various Doing Business (EoDB) initiatives
countries. In the mobile phone to reduce regulations, promote
and electronics sector, this single-window clearances,
figure is even higher, with and minimal procedures,
almost all trade connected to coupled with the intensive
GVCs. Recognising this, India worldwide outreach led by the
has made concerted efforts to
integrate its industries into these
global networks, enhancing
efficiency, technology transfer,
and market access.
India’s electronics industry
has benefitted significantly,
with manufacturing increasing
5 times to Rs 9,52,000 crores
in 2023-24, primarily
driven by mobile phones.
Exports have also seen
exponential growth,
with electronics exports
rising to Rs 2,41,157
crores in 2023-24, and

71 71