India emerges as a global mobile manufacturing powerhouse, says CDS study
New Delhi: A study by Centre for Development Studies (CDS) has quantifiably ascertained the progress of the Mobile Manufacturing sector in India, with India rapidly ascending to become the world’s 3rd-largest mobile phone manufacturing-based exporter at $20.5 Billion (CY2024).
This transformation, starting in 2017, is attributed to sustained government support, and strategic integration into global value chains (GVCs) with a sharp policy pivot towards exports with the launch of the Production Linked Incentive (PLI) Scheme in 2020, according to an official statement.
