India has become the top supplier of smartphones to the United States, with electronics manufacturing now worth Rs 12 lakh crore. Electronic production in India has grown 6x in the last 11 years. Similarly, exports have substansially increased 8x to Rs 3 lakh crore. India is now the second-largest mobile phone manufacturer in the world. The country has over 300 manufacturing units, this is a significant rise from just 2 units in 2014. This rapid growth reflects India's focus on becoming a global hub for technology production, making advanced electronics more widely available and accessable to technology for all citizens. It is worth to note that in the year 2014-15, only 26% of the mobile phones which were being sold in India were made in India, and the rest were being imported. As of today today, 99% per cent of all mobile phones which are sold in India are made in India. The manufacturing value of mobile phones has surged from Rs 18,900 crore in FY14 to a staggering Rs 4,22,000 crore in FY24. Some of the stocks to benefit from this sector are -

DIXON

KAYNES

PGEL

SYRMA

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