Question

‘The contribution of the electronics industry is crucial for the progress and development of the Indian economy.’ State two arguments in favour of this statement.

Answer 1

1. It earns valuable foreign exchange through exports of electronic goods and software/telecom services, thereby strengthening India’s balance of payments and furthering economic growth.
2. It creates large-scale skilled employment and drives technology, R and D and infrastructure (space, defence, telecom), thereby raising productivity and supporting overall industrial development.