Prime Minister Modi Celebrates India’s Electronics Export Success
New Delhi, India – Prime Minister Narendra Modi shared his excitement on social media platform X about India’s growing strength in electronics. He highlighted the role of young innovators and the country’s commitment to reforms and the ‘Make in India’ initiative.
Modi retweeted a post by Union Minister for Electronics and Information Technology Ashwini Vaishnaw, who celebrated the milestone by stating, ‘Bharat’s electronics export now among the top 3! Making in India, shipping worldwide.’
According to a media report cited by Vaishnaw, the surge in electronics exports is largely due to an increase in Apple iPhone exports from India. By the end of the first quarter (Q1) of the 2024-25 fiscal year (FY25), electronics exports had climbed to the third position among India’s top ten exports, surpassing gems and jewellery. Only engineering goods and petroleum products ranked higher.
Data from the Department of Commerce showed that electronics exports rose by 22%, reaching $8.44 billion at the end of Q1 FY25, up from $6.94 billion in Q1 FY24. This growth underscores the impact of India’s focus on boosting manufacturing and exports through initiatives like ‘Make in India.’
The increase in electronics exports reflects India’s growing capabilities and competitive edge in the global electronics market. It also highlights the successful integration of innovative strategies and government reforms aimed at enhancing India’s manufacturing sector.
Doubts Revealed
Prime Minister Modi -: Prime Minister Modi is the leader of India. He helps make important decisions for the country.
Electronics Export -: Electronics export means sending electronic products like phones and computers to other countries to sell.
Make in India -: ‘Make in India’ is a program started by the Indian government to encourage companies to make their products in India.
Union Minister Ashwini Vaishnaw -: Ashwini Vaishnaw is a government official in India who helps manage important tasks related to technology and communication.
Apple iPhone exports -: Apple iPhone exports mean sending iPhones, which are made in India, to other countries to sell.
Q1 FY25 -: Q1 FY25 means the first quarter (three months) of the financial year 2025. Financial years are used to keep track of money and budgets.
Gems and jewellery -: Gems and jewellery are valuable items like diamonds, gold, and other precious stones that people wear as ornaments.