From 0 to 99.2%: India’s Mobile Market Surges, Clocks 20-Fold Growth in 9 Years
India’s Industry Skyrockets: 20x Growth in 9 Years. From 78% Imports in 2014 to 99.2% ‘Made in India’ in 2023
Minister of Electronics and Information Technology, Ashwini Vaishnaw, in a recent social media announcement on platform X, highlighted a monumental achievement in India’s mobile industry. Emphasizing an extraordinary 20-fold expansion within merely nine years, he shared insights from a meeting with key players in the mobile sector. His post underscored the industry’s remarkable transformation: from a substantial 78% dependence on imports in 2014 to an overwhelming 99.2% prevalence of ‘Made in India’ mobiles in the market by 2023.
He also convened a high-profile gathering, engaging key stakeholders and eminent leaders within the mobile industry, orchestrating a meticulous and extensive review of the sector’s advancements. This strategic assembly not only aimed to celebrate the industry’s remarkable achievements but also facilitated in-depth deliberations on prevailing challenges, fostering a collaborative discourse to devise enduring strategies conducive to the sustained and thriving growth of the sector.
The burgeoning mobile sector’s expansion not only fortifies India’s local manufacturing but substantially diminishes reliance on foreign imports. Google’s decision to commence phone production in India, joining esteemed brands like Samsung and Apple, underscores this pivotal shift towards domestic assembly, signalling a promising trend for the nation’s self-sufficiency in the global smartphone market.
Minister Vaishnav lauded the industry’s resilience, applauding its dedication to ‘Make in India.’ This milestone resonates with the government’s vision for self-reliance, a cornerstone of the ‘Aatmanirbhar Bharat’ initiative, empowering India’s manufacturing sector. The mobile sector’s triumph signifies India’s shift from import reliance to a global manufacturing powerhouse. Discussions at the meeting delved into future prospects, tech innovations, fostering collaborative strides to bolster this success. Expressing optimism for continued growth, Minister Vaishnav underscored the mobile industry’s pivotal role in India’s economic landscape. As India solidifies status as a mobile manufacturing hub, the ‘Made in India’ tag symbolises quality and innovation, heralding national pride. Minister Vaishnav’s post not only celebrates industry achievements but signifies a defining stride toward tech self-reliance.
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