Union Minister Ashwini Vaishnaw predicts a significant surge in mobile phone exports from India, forecasting a growth of more than five-fold to $50-60 billion from last year’s $11 billion. Speaking at a fintech event, Vaishnaw highlighted the potential rise in employment within the electronics manufacturing sector, from 10 lakh to 25 lakh workers. He emphasized India’s remarkable progress in reducing its dependency on imported mobile phones, indicating that 99% of devices are now manufactured domestically, compared to 98% imported a decade ago.
Furthermore, Vaishnaw outlined India’s economic trajectory, anticipating the nation to become the thirdlargest economy by 2027, a considerable leap from its 11th position in 2014. Citing a report by Jefferies Equity Research, he also projected India’s market capitalization to reach $10 trillion by 2030. Vaishnaw commended India’s infrastructure development, citing significant expansions in railways, highways, and airports, alongside the growth in railway lines and doubling of airports in the past decade.
This story is from the March 08, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 08, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
PM MODI LEADS SPECTACULAR ROADSHOW AHEAD OF VARANASI NOMINATION
Prime Minister Narendra Modi orchestrated a grand roadshow spanning five kilometers in Uttar Pradesh's Varanasi on Monday evening.
Gurudwara President: Sikh community Happy” with PM Mod's visit seva
President Jagjot Singh Gurudwara Patna Pres Sahib expressed heartfelt gratitude towards Prime Minister Narendra Modi for his recent visit to the revered Gurudwara.
JAISHANKAR CONFIDENT: MARKET VOLATILITY TO EASE POST-ELECTION PHASES
Regarding the ongoing volatility in the Indian stock market, Minister of External Affairs
Supreme Court Disposed Of Plea Alleging Interference In Ongoing Criminal Case By Calcutta High Court Judge And Her Husband
The Supreme Court in the case Bani Roy Choudhury & Anr. v. State of West Bengal & Ors observed and has disposed of the petition wherein it alleged interference in an ongoing criminal investigation by a sitting Calcutta High Court judge and her lawyer-husband.
GAUHATI HIGH COURT DISMISSED PLEA AGAINST ALLEGED ENCROACHMENT OF WAQF PROPERTIES IN ASSAM
The Gauhati High Court in the case Zunaid Khalid v. The State of Assam & 2 Ors.
SUPREME COURT: ISSUANCE OF FIRST PREMIUM PAYMENT RECEIPT T0 INSURED WOULD PROVIDE PRESUMPTION OF POLICY ACCEPTANCE BY INSURER
The Supreme Court in the case Mrs.Bhumikaben N. Modi & Ors. Versus Life Insurance Corporation of India observed that the issuance of a receipt of the first premium payment by the insurer would provide a presumption for the acceptance of the policy by the insurer.
ISRO Chief unveils SFO technologies’ Zero emission initiative
S Somanath, Chairman of the Indian Space Research Organization (ISRO) and Secretary of the Department of Space, Government of India, launched SFO Technologies' carbon reduction initiative.
India-France military exercise 'Shakti' begins in Meghalaya
The The 7th edition of the India-France Joint Military Exercise \"Shakti\" is set to begin on May 13 at the Joint Training Node in Umroi, Meghalaya.
INDIA EXTENDS $50MM BUDGET SUPPORT TO MALDIVES FOR ANOTHER YEAR
The Indian government on Monday provided a budget support to Maldives in the form ofa rollover of USD 50 million Treasury bill
Bloomberg and Emeritus Collaborate for Bloomberg Learning’
Emeritus, a renowned provider of accessible and affordable education worldwide, has announced its collaboration with Bloomberg Media. In today's dynamic business environment, they will introduce a range of courses.
