Big PLI impact! Local production of electronics parts gets a boost; imports of completely boxed smartphones decline 40%

India's local electronics manufacturing is on the rise, with a significant decrease in imports of key components such as mechanics, vibrator motors, charger adapters, and plastic parts. The government's production-linked incentive scheme has boosted local production, leading to a drop in imports of fully assembled electronics like smartphones. https://ift.tt/8WaTIJz