ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

trade deficitSubscribe to trade deficit

Surge in Exports

Despite the recent gains, the relative size of the exports sector remains significantly below the peak levels.

 

Developing India’s Mobile Phone Manufacturing Industry

In the absence of any major domestic mobile phone manufacturers, increased imports of mobile phones have contributed to a widening of India’s trade deficit. An analysis of the policy instruments put in place to incentivise the domestic manufacturing of mobile phones reveals a spike in domestic manufacturing, leading to significant reductions in the imports of mobile phones. However, domestically manufactured phones are dependent on imports of parts. This high import dependence itself is an outcome of the weak innovation capability in the domestic industry.

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