The process of turning agricultural products into food or changing one type of food into another is known as food processing. Food processing can take many different forms, such as pulverizing grains to make raw flour, cooking at home, or utilizing sophisticated industrial techniques to produce convenience foods.
India’s domestic production increased from $49 billion in FY17 to $101 billion in FY23, a compound annual growth rate of 13%. By FY26, the nation’s electronics exports are predicted to total $120 billion. Exports of electronic goods were $17.74 billion in Apr-Nov 2023 compared to $14.36 billion in Apr-Nov 2022, a 23.56% increase. India moved up 7 spots from 67 in 2021 to 60 in the Network Readiness Index 2023. Data costs were reduced by 96% from INR 269 per gigabyte in 2014 to INR 10.1 per gigabyte in 2023. FDI is permitted at 100% under the automatic route. For defense electronics, foreign direct investment (FDI) is permitted automatically up to a maximum of 49%; any amount above that requires government approval.
List of Top 9 Electronic Goods in India (BSE) based on Net Profit.
Company Name | Net Profit (Rs. cr) |
Honeywell Autom | 438.01 |
Dixon Technolog | 211.15 |
EPack Durables | 30.51 |
Wonder Elect. | 6.29 |
CWD | 2.16 |
Safa Systems | 1.58 |
Salora Inter | -8.97 |
Mirc Electronic | -12.47 |
Sharp India | -15.75 |
Source: BSE, India, last updated 19 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Tatiparti, S., Mahajan, K. N., Reddi, S. K., Aancy, H. M., & Kumar, B. (2023). Analyzing the Financial Risk Factors Impacting the Economic Benefits of the Consumer Electronic Goods Manufacturing Industry in India. Journal of Advanced Manufacturing Systems, 1, 25.
2. Aayog, N. I. T. I. (2016). Make in India strategy for electronic products. Government of India, New Delhi.
3. Sinha, S. (2016). Globalization and its Impact on Electronics Industry in India. Vol-2, Issue-6, Rai Management Journal, 13.
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