Topic– Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
6) A number of factors have been contributing towards the growth of the Electronics Sector in India.Discuss. Also highlight the efforts of the government to make India a global hub for electronics manufacturing.(250 words)
Why this question
The Indian electronics industry is one of the largest and fastest-growing industries in the world. Electronics manufacturing is a potential area where india can absorb its vast human resources. Coupled with a burgeoning domestic market and a plethora of pressing social needs, the opportunity can be utilized to make India a global hub of manufacturing, create employment and boost social and economic growth.
Key demand of the question.
The question wants us to write in detail about the factors behind the growth of the electronics sector in India. It also wants us to discuss about the efforts of the government towards making India a global hub for electronics manufacturing.
Discuss- This s an all-encompassing directive which mandates us to write in detail about the key demand of the question. We also have to discuss about the related and important aspects of the question in order to bring out a complete picture of the issue in hand.
Structure of the answer
Write a few lines about the growth of electronics industry in India- growth rate in recent years, projected growth rate vs global projected growth rate etc.
- Mention that, in 2015, the industry in India was valued at USD 75 Billion, despite a weak global economy. Discuss the factors behind the growth of the electronics industry in India- Increasing domestic demand, upswings in disposable incomes, the endeavour to build a Digital India through wider broadband connectivity and e-governance programs, rising manufacturing costs in other manufacturing economies and burgeoning consumption in the Middle East, Latin America and North Africa fuelling global demand.
- Discuss the efforts of the government to make India a global hub for electronics manufacturing. E.g Digital India; a budgetary provision of USD 114 Million has been made in towards incentive schemes like Modified Incentive Special Package Scheme (M-SIPS) and Electronics Development Fund (EDF) in FY 2017-18. The increase in allocation has been made to keep pace with the increase in the number of investment proposals received within the sector. This is likely to reduce the dependence on imports; The Electronics Manufacturing Clusters Scheme; etc.
Conclusion– sum up your discussion in a few lines and form a fair and a balanced conclusion on the above issue.