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India is rapidly strengthening its position in global electronics trade, now supplying about 40 per cent of the smartphones imported by the United States that were previously sourced from China.According to a recent report by McKinsey & Company, cited by ANI, the United States has been actively diversifying its import sources and has replaced about…
The growth in local production, especially in smartphones, was supported by the government’s PLI scheme. (AI image) The Indian government is reportedly preparing a major overhaul of its flagship smartphone manufacturing incentive programme. The ‘revamped’ flagship Production-Linked Incentive (PLI) scheme for smartphones will tie government subsidies to exports and the use of locally produced components…
New Delhi: Led by Apple, India’s mobile phone exports have shot up by 60% in the first half of this fiscal, closing Apr-Sept FY26 with total shipment of $13.5 billion against $8.5 billion in the same period of 2024-25. In Sept, when new iPhone hit global markets, shipments from India moved up by 95% on…
