India Could Account For One-Fifth Of Global Smartphone Production Within 1–2 Years: Report
New Delhi: India is rapidly emerging as a key alternative manufacturing hub in the global electronics supply chain and could account for nearly one-fifth of the world’s smartphone production within the next one to two years, according to a report. The shift reflects a broader transformation in the global electronics manufacturing landscape, as companies seek to reduce their dependence on China…
India is rapidly becoming a significant player in the global smartphone manufacturing landscape, with the potential to account for nearly one-fifth of worldwide production within the next one to two years, according to a recent report. This shift highlights the changing dynamics of the electronics manufacturing industry, as companies seek to diversify production and reduce their reliance on China.
The "China plus one" strategy, which involves expanding production into alternative manufacturing hubs, has gained considerable traction due to supply-chain disruptions, geopolitical tensions, tariffs, and stricter controls on critical technologies. In the past decade, China had dominated the global electronics manufacturing industry, accounting for over two-thirds of the world's smartphone production.
However, the COVID-19 pandemic exposed the risks of an overly concentrated supply chain, leading to factory shutdowns, port disruptions, and export restrictions.
As a result, countries like India and Vietnam have increasingly emerged as key destinations for electronics and smartphone manufacturing. India's share of global smartphone production has grown from around 18% to an expected 20% within the next year or two. This marks a substantial transformation in India's role in the global electronics industry, moving from a service-oriented economy to a prominent player in manufacturing.
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