3
A new study by the Centre for Development Studies (CDS) has challenged long-standing assumptions about India’s smartphone manufacturing sector, revealing a significant jump in domestic value addition and job creation over the past few years.
According to the study, domestic value addition in smartphone manufacturing reached 23% in 2022–23, amounting to over $10 billion. This marks a substantial improvement from previous estimates, which pegged local value addition at below 20%, reinforcing the perception that India’s role was limited to basic…
