India, Jan. 31 -- The production of electronic goods in India stood at INR 9.52 Lakh Cr in FY24, against INR 1.90 Lakh Cr in FY15, according to the Economic Survey 2024-25 tabled by the union finance minister Nirmala Sitharaman in Parliament today (January 31).

The country has also reduced its dependence on smartphone imports with 99% of them being manufactured domestically, the survey said.

"In FY24, the country produced approximately 33 Cr mobile phone units, with over 75 % of the models being 5G enabled," it added.

As per the survey, India's electronics market represents 4% of the global market. It further adds that the industry has majorly grown in the aspect of assembly with limited progress in design and manufacturing.

As per FY...