Economic Survey Highlights Domestic Smartphone Production
The Economic Survey 2024-25 provides significant insights into India's manufacturing sector, particularly the mobile phone industry. A key finding highlights the substantial growth in domestic production.
Domestic Manufacturing Percentage Explained
According to the data presented in the Economic Survey 2024-25, the percentage of smartphones sold in India that are manufactured domestically has reached an impressive level. This indicates a strong push towards self-reliance in electronics manufacturing.
- The survey data points towards a near-complete domestic manufacturing ecosystem for smartphones.
- Specifically, 99% of the smartphones sold within India are now manufactured locally.
Significance of Domestic Smartphone Manufacturing
This achievement is a major milestone for India's manufacturing capabilities and aligns with initiatives like 'Make in India'. It suggests:
- Increased investment in local manufacturing facilities.
- Growth in the electronics manufacturing services (EMS) sector within India.
- Creation of employment opportunities in the sector.
- Reduced reliance on imports for a crucial technological product.
Source of Information
The statistics mentioned are based on the findings reported in the official Economic Survey 2024-25, a comprehensive document detailing the state of the Indian economy.
Important Questions from Economic Survey 2024-25
- The Economic Survey 2024–25 states that India’s foreign exchange reserves were adequate to cover approximately what percentage of external debt as of December 2024?
What is the estimated real GDP growth rate for India in the fiscal year 2025-26, according to the Economic Survey, 2024-25?
Compute the fiscal deficit from the given data:
Total receipts are ₹13,500 crores and total expenditures are ₹15,000 crores. Revenue receipts are ₹3500 crores. Capital receipts in the form of Government's market borrowings and other liabilities are ₹2500 crores. Loan recoveries are ₹7500 crores.Which of the following are revenue receipts of the Central Government?
(A). GST
(B). Provident Fund
(C). Interest receipts
(D). Recoveries of loans and advances from State Governments
Choose the correct answer from the options given below:- The conversion rate between the physical rupee and the digital rupee is determined by which of the following in India?
