India’s smartphone manufacturing sees boost in local value addition, jobs: Study

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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…



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India’s smartphone manufacturing sees boost in local value addition, jobs: Study


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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