Summary:

Prime Minister Narendra Modi acknowledged his happiness at India's rise to the top three in global electronics exports. He attributed this accomplishment to India's inventive young, or "Yuva Shakti," and emphasised the country's commitment to maintaining this momentum. Modi emphasised the need of reforms and the 'Make in India' plan in accelerating growth in the electronics sector.

Mr. Ashwini Vaishnaw, Union Minister for Electronics and Information Technology, said that India's electronics exports have surpassed gems and jewellery, making them the third-largest export category by the end of the first quarter of FY25. This gain is mostly attributable to a considerable increase in Apple iPhone shipments from India. In response, the Prime Minister welcomed the achievement, emphasising the importance of maintaining momentum and the success of successful economic policies and initiatives.

Source: IBEF

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