Audio Snapped my dear speaker's wires. Help me out.

Okay, so this is how my connection looks like. The right speaker is dead due to loose/cut wires as seen. Twisting slightly brings back both channels but then one goes out again.
can any electrician correct this? (There are multiple copper strands and it might be difficult to put them back together so i am not sure)

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Just take it to the electrician. Before that, buy a good quality 3.5mm jack, preferably of MX brand. Else the electrician uses the cheapo chinese ones.
 
Where to buy that from? Also why buy it? What advantages it has, sound quality improvement or what?
Is this it?

Nope, MX is a local brand from here in India. However, the quality is far better than the usual stuff on the shelves. Seen it first hand myself, build quality is far better. SQ, ok, not too much difference.
 
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