64% dip in India’s mobile phone imports in 3 years
Data filed by the commerce ministry in Rajya Sabha last week showed that India is closer to achieving self-sufficiency in meeting domestic demand for mobile phones. Both the quantity and value of feature phones and smartphone imported by India in the last 3 years has declined from 758 lakh in 2016-17 to around 270 lakh units in 2018-19. As per the estimates of India Cellular and Electronics Association, India’s domestic demand for mobile phones for 2018-19 stood at around 290 million units. This was attributed to significant addition of manufacturing capacity in the sector, a Phased Manufacturing Programme (PMP) for making mobile handsets in India, and 100% FDI for manufacture in the sector.