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21.06.24 11:18

Technology

Analysts forecast increase in India's annual electronics production to US$250 billion

The country's authorities plan to double the number of jobs in this sphere

India's annual electronics output is expected to reach about US$250 billion in the next five years, according to analysts. This was reported by IANS, a partner of TV BRICS. Currently, India's electronics exports range from US$125 billion to US$130 billion.

From 2017 to 2023, output in this sector has doubled, from US$49 billion to US$101 billion.

The country's government plans to tackle unemployment by creating jobs. According to media reports, the Indian authorities intend to double the number of vacancies in the next five years.

According to analysts, the introduction of technological innovations such as 5G networks and IoT (Internet of Things) is fuelling demand for electronics.

Photo: iStock

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Sergey Lavrov

Russian Foreign Minister

"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned"

Nitin Gadkari

India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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Analysts forecast increase in India's annual electronics production to US$250 billion

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