New Delhi, 23 March (IANS). Amid the ongoing debate on trade tariffs, industry leaders said on Sunday that India has a strong growth in high-value manufacturing and due to the right policy, the situation opens new doors for exports.
Experts said that the support of policies like production linked (PLI) and export initiatives can help the Indian television industry of $ 13 billion to fill global supply intervals.
Amending the basic custom fee (BCD) on major electronics products will also strengthen the ‘Make in India’ Initiative and will help Prime Minister Narendra Modi’s ambitious $ 500 billion electronics manufacturing targets.
The move aims to strengthen India’s electronics manufacturing sector by making mobile phones, smart LED TVs and other equipment more economical, as well as to increase the role of the country in the global supply chain.
Videotax director Arjun Bajaj said, “To avail the maximum benefit of this opportunity, we have to focus on infrastructure, skill development and India will have to build a more business-friendly manufacturing center.”
India’s TV market is changing rapidly. Where the demand for big screen, smart tech and premium experiences is increasing.
Recently, the global rating agency Fitch said that the low dependence on external demand and the large size of the domestic market would protect India from the impact of American tariff growth and in FY 26, the growth rate of the economy could be 6.5 percent. The GDP growth rate in FY 27 can be 6.3 percent.
Recently, Morgan Stanley reported India with the best position in Asia amidst the global instability created by US President Trump’s declaration. The reason for this was to reduce the Goods Export to GDP ratio of the country and strengthen the economic base.
-IANS
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