‘Made in India’: As mobile phone sector logs meteoric growth, Ashwini Vaishnav reveals numbers
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Minister of Electronics and Information Technology, Ashwini Vaishnav, took to social media platform X to announce achievement in the mobile phone industry.In a post, he revealed that the Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in just nine years. Minister Vaishnav posted on X, "Met Mobile industry to review progress. Industry has grown 20 times in 9 years. 2014: 78 per cent import dependent 2023: 99.2 percent of all mobiles sold in India are 'Made in India'". Reflecting on the industry's trajectory, Minister Vaishnav highlighted a significant shift in import dependency. In 2014, a staggering 78 per cent of the mobile market relied on imports.Fast forward to 2023, and a transformation has occurred - an impressive 99.2 per c...