Question

What is the major contribution of the electronics industry to the country?
A. Maximized wealth information
B. Reduced poverty
C. Improved standard of living
D. Encouraged employment

Answer 1

Hint: The electronics industry covers a wide range of products under its ambit. It includes - television, telephones, radars, computers, etc.

Complete Answer:Government policies, incentives and international investment were all responsible for the growth that the Indian electronics industry witnessed in the early years of the 21st century. In terms of consumption India’s electronics industry is one of the largest in the world. In 2012 it had a market size of 69 billion which increased to 400 billion in the year 2020.

In the year 2013 the demand for IT electronics in India was estimated to be at 13 billion US dollars. It is predicted that by the ye
by 2030 the market opportunity for aerospace and defence electronics in India will be about 70 billion dollars.

The major contribution of the electronics industry to the country has been encouragement in employment. To promote job opportunities, which is estimated at 28 million, the Indian government has reduced the country’s import bill from 65 percent to 50 percent.

India’s major project for import substitution and export encouragement has been Make in India along with Digital India campaign and Startup India. With the help of campaigns like Make in India the electronics industry in India would be able to increase employment even further by encouraging people to start manufacturing units in India.

So, the correct answer is option A.

Note: India is one of the largest markets in the world for electronic products. It is estimated that the domestic electronics market will reach 400 billion dollars by 2025.