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India becomes US's largest smartphone supplier
Big news: India has overtaken the US to become America's largest smartphone supplier, powered by a surge in electronics manufacturing.
Union Minister Ashwini Vaishnaw shared that India's electronics production has jumped six times in 11 years, now hitting ₹12 lakh crore, while exports have grown eightfold to ₹3 lakh crore.
Nearly every phone sold in India is made locally
India is also now the world's second-biggest mobile phone maker, with over 300 factories compared to just two back in 2014.
Nearly every phone sold here—99.2%—is made locally (up from just 26% a decade ago).
The value of phones made in India soared from ₹18,900 crore in FY14 to ₹4,22,000 crore this year—a huge leap that shows how fast things are changing.