There has been a bumper sale of electronic items this year during Navratri. Compared to last year, this year there has been 20 to 25 percent more sales through all the retail chains. At the same time, a large number of people have bought TVs with larger screen size and many people have abandoned old phones and upgraded to new smartphones.
Union Minister Ashwini Vaishnav has given this information. Ashwini Vaishnav gave this information in a joint press conference with Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal. He has told how India is moving ahead of its neighboring countries.
More sales than last year
He told, ‘According to the data received from retail chains, this year there has been 20 to 25 percent more sales as compared to last Navratri. The entire stock of many categories like 85-inch TV has been sold. Many families have upgraded their old TV to a new TV.
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Ashwini Vaishnav told that many youth have replaced their old smartphones with new ones. He told that there has been a record sale of TV, washing machine, air conditioner, mobile phone or set top box this Navratri. Their sales have increased by 20 to 25 percent.
India overtakes China
He said that the increasing demand for electronics is having a direct impact on manufacturing. Manufacturing is increasing rapidly in India. This is providing direct employment to 25 lakh people.
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This year, India has overtaken its neighbor China in smartphone exports to America. Big companies are doing up to 25 percent of their manufacturing in India. Apart from this, manufacturing has started in other semiconductor plants. Consumption is also increasing.
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