India set to surpass Vietnam in mobile phone exports by end of 2025: CDS study

NEW DELHI: India will surpass Vietnam in mobile phone export volumes by the end of this year, according to a study by the Centre for Development Studies (CDS). The report highlights that China will continue to play a key role in India’s electronics manufacturing growth, especially as a major supplier of crucial components.

The study, led by Professor C Veeramani, Director and RBI Chair Professor at CDS, recommends that India adopt a Global Value Chain (GVC)-centric approach to become one of the world’s top smartphone suppliers and boost domestic value addition up to 40%. GVCs function like global assembly lines, where different parts of a product are produced in different countries.