India’s competitive strength for mobile handsets is gradually increasing since 2018, while it is falling in some of the leading competitive countries such as Vietnam, China and South Korea.
A similar trend is seen in the share of mobile handsets in total exports for these nations.
India’s Production-linked Incentive scheme has given a boost to the production of electronics—mobile phone manufacturing grew at a CAGR of 32% between FY16 and FY21, while the overall electronics sector grew at a CAGR of 15.4% over the same period.
