Published on Jul 22, 2024
Current Affairs
India's Electronic Manufacturing target 2030
India's Electronic Manufacturing target 2030

❖ The government has set a target of reaching $500 billion worth of electronics production in the country by 2030.

❖ 500 billion electronics manufacturing sectors would create 5-6 million jobs

. ❖ It leads to electronics exports totalling $240 billion

.❖ The current value of India’s electronics production stands at an impressive $101 billion as of FY23.

❖ This comprises $86 billion in finished goods production and $15 billion in components manufacturing.

❖ During the same period, exports totalled $25 billion.

❖ The sector currently generates 1.3 million jobs.