India’s electronics industry meets targets; ranks 2nd in mobile phone production

The Electronics Manufacturing Industry Achieves Targets, Becomes Second Largest Mobile Phone Manufacturer

The electronics manufacturing industry has successfully met the targets it set a decade ago and has now become the second largest manufacturer of mobile phones in the world. According to the India Cellular and Electronics Association (ICEA), which represents top smartphone brands and manufacturers, the industry has produced mobile devices worth Rs4.1 lakh crore in FY24, compared to Rs18,900 crore a decade ago.

Significant Growth and Achievement of Targets

1. The electronics industry had set a target of Rs20 lakh crore over the 10-year period and has achieved Rs19.45 lakh crore in cumulative production.
2. The industry finished the decade with 2.45 billion units of mobile phones produced, worth Rs4.1 lakh crore.

This remarkable growth has positioned the electronics manufacturing industry as a key player in India’s economic development and progress towards achieving the Sustainable Development Goals (SDGs).

Impact on Exports and Economic Growth

• During the 10-year period, cumulative exports of mobile phones reached an estimated Rs3.22 lakh crore, making mobile phones the fifth largest exported commodity from India.
• In the current fiscal year, 30% of the production will be dedicated to exports.

It is believed that the doubling of India’s GDP from the current $3.7 trillion to $7 trillion by 2030 will be led by growth in the digital sector and trade. The electronics manufacturing industry, particularly mobile phone production, will play a critical role in driving this growth, according to Pankaj Mohindroo, chairman of ICEA.

Future Goals and Challenges

As the industry looks towards the future, there is a need to shift electronics Global Value Chains (GVCs) to India in order to create large-scale manufacturing, generate more jobs, and increase domestic value addition. This requires unprecedented competitiveness and the establishment of factories that can operate at a scale never witnessed before in India.

The success of the electronics manufacturing industry can be attributed to a conducive policy environment and the close working relationship between the industry and key government ministries. This collaboration has been instrumental in achieving the set targets and positioning India as a global leader in mobile phone manufacturing.

SDGs, Targets, and Indicators

1. SDG 9: Industry, Innovation, and Infrastructure

   • Target 9.2: Promote inclusive and sustainable industrialization
   • Indicator 9.2.1: Manufacturing value added as a proportion of GDP and per capita
   • Indicator 9.2.2: Manufacturing employment as a proportion of total employment

2. SDG 8: Decent Work and Economic Growth

   • Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation
   • Indicator 8.2.1: Annual growth rate of real GDP per employed person
   • Indicator 8.2.2: Proportion of youth (aged 15-24 years) engaged in education, employment, or training

3. SDG 17: Partnerships for the Goals

   • Target 17.16: Enhance the global partnership for sustainable development
   • Indicator 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks
   • Indicator 17.16.2: Number of countries implementing investment promotion regimes for least developed countries

Table: SDGs, Targets, and Indicators

Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

The issues highlighted in the article are connected to SDG 9: Industry, Innovation, and Infrastructure, SDG 8: Decent Work and Economic Growth, and SDG 17: Partnerships for the Goals.

2. What specific targets under those SDGs can be identified based on the article’s content?

Based on the article’s content, the specific targets identified are:
– Target 9.2: Promote inclusive and sustainable industrialization
– Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation
– Target 17.16: Enhance the global partnership for sustainable development

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

Yes, there are indicators mentioned or implied in the article that can be used to measure progress towards the identified targets. These indicators include:
– Indicator 9.2.1: Manufacturing value added as a proportion of GDP and per capita
– Indicator 9.2.2: Manufacturing employment as a proportion of total employment
– Indicator 8.2.1: Annual growth rate of real GDP per employed person
– Indicator 8.2.2: Proportion of youth (aged 15-24 years) engaged in education, employment, or training
– Indicator 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks
– Indicator 17.16.2: Number of countries implementing investment promotion regimes for least developed countries

These indicators can be used to measure the progress of the electronics manufacturing industry in terms of its contribution to GDP, employment generation, economic productivity, and global partnerships.

4. Table: SDGs, Targets, and Indicators

Please refer to the table provided above for the findings from analyzing the article.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: m.economictimes.com

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