Increasing electronic Market of INDIA

The electronic market of India

Over the last several years, the country has been concerned with expanding the capacity of its manufacturing sector to at least a quarter of its GDP. This was sought to be accomplished first, through a manufacturing maneuvering since 2014 by the “Make in India” plan. The widening trade deficit in manufactured good and in technology payments are enough empirical proof to show that the program is yet to deliver. Moreover, a manufacturing job has also been a victim. Our dependency on both  MNCs and on imported components and parts have increased in the novel past. In fact, since the liberalization of India’s industrial sector during 1991-92, import dependence of the sector has been on the rise A manufacturing industry where this is clearly evident is in the domestic manufacture of mobile phones. The analysis shows that India’s consumption-driven imports of fully assembled mobile phones have been transformed into production-induced imports of parts for manufacturing mobile phones domestically. This transformation is then addressed as a desirable outcome of the contemporary policy attempts to increase the size and content of India’s domestic manufacturing industry, especially in electronics products and telecommunications equipment in particular.

LAVA  shift production to India

Indian smartphone manufacturer Lava has said it will shift the production base of all of its phones meant for exports to India from China. The company will also shift its design center to the country, according to a report in Business Standard newspapers. (via- livemints)

• The move follows the government’s production linked incentive scheme for mobile companies in the country
• Lava had also availed from the recent US-China trade war, gaining a sudden influx of business last year