· There is a major inflection point which has happened in the country’s economy, it was important to share it with you.
· After independence, manufacturing in the country was consistently either down or in trouble for 40-50 years.
· We have now reached the situation when we are ready for 1 trillion dollar exports very soon and the foundation behind it is manufacturing.
· Today our exports have reached 762 billion-dollar.
453 billion-dollar-export of goods
309 billion-dollar – export of services
· Informal employment is at least twice as much as formal employment in the country.
The formal employment which earlier used to be around 6 lakh per month (around 70 lakh per year), has today come down to 14-15 lakh per month on average (around 1 crore 80 lakh per year).
· If we had talked about 10-12-15 years ago, the maximum export would have been of petroleum, later the name would have come of rice. In this way four or five names came.
· Mobile phone export last year was 11 billion dollars (about Rs.90,000 crore). This year the manufacturing of mobile phones is going to be around 50 billion dollars (about Rs.4,00,000 crore). Exports will exceed 15 billion dollars (Rs.1,25,000 crore).
· Toys were imported only and only. Today exports of toys have reached Rs.4,000 crore. If we see this export data of 2022-23.
Petroleum – 97 billion dollars
Pharmaceuticals – 19 billion dollars
Telecom equipment – 12 billion dollars
Electrical machinery – 11 billion dollars
Aluminum – 8 billion dollars
Motor Vehicles – 8.7 billion dollars
Electronic components – 4 billion dollars
Iron and steel – 13 billion dollars
· TDK- Japan’s very good company, TDK has declared that it will manufacture mobile phone batteries in India. The casing used for mobile phones is being manufactured today by Tata and the manufacturing is very precise.
