India Becomes the World’s 2nd Largest Mobile Manufacturer: How & Why?

Between 2014 and 2022, India’s mobile phone manufacturing business reportedly manufactured over 2 billion phones, making it the world’s second largest mobile manufacturing country. This expansion is most likely due to a combination of factors, including the government’s ‘Make in India’ effort, which has offered incentives for domestic manufacture, and rising demand for mobile phones in India.

According to a Counterpoint Research analysis, India’s mobile phone production increased at a compound annual growth rate (CAGR) of 23% between 2014 and 2022.

During this time, shipments of Made in India mobile phones surpassed 2 billion units. According to the research, only 19 percent of domestic shipments were created domestically in 2014, compared to 98 percent in 2022.

According to reports, the key causes for this rise include rising internal needs, more digital literacy, and government incentives to producers. According to the report, efforts such as the Phased manufacture Programme (PMP), Make in India Production Linked Incentive (PLI), and Atma Nirbhar Bharat have contributed to increased local mobile phone manufacture with discernible outcomes.

According to Counterpoint Research Director Tarun Pathak, local value addition is currently greater than 15%, up from the single digits in 2014. This is said to have resulted in increased investments, more jobs, and overall ecosystem development. Pathak went on to say that the government plans to capitalise on this accomplishment by making India a semiconductor manufacturing and export hub.

As the country attempts to bridge the urban-rural digital divide while simultaneously becoming a mobile phone exporting powerhouse, the country may witness increased semiconductor production, particularly for smartphones.

According to the report, Analyst Prachir Singh added that the government is also working to make India a semiconductor hub. It has proposed a semiconductor PLI scheme that would offer financial incentives to companies that establish semiconductor manufacturing operations in the country.

Also read:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

India’s Bold Vision: 5,000 Unicorns in the Future – Piyush Goyal

India’s Bold Vision: 5,000 Unicorns in the Future –...

India has emerged as a global powerhouse for startups, with a thriving ecosystem that fosters innovation, entrepreneurship,...
ICC ODI World Cup: Top 5 Highest Score in World Cup history - all the details you need to know about!

ICC ODI World Cup: Top 5 Highest Score in...

The ICC Men's Cricket World Cup has been a stage for cricketing excellence ever since it...
Brazil Legends Edge India All-Stars 2-1 in a Night of Football Nostalgia

Brazil Legends Edge India All-Stars 2-1 in a Night...

Football fans in Chennai were treated to an electrifying evening as the Brazil Legends secured a narrow...

LATEST: How to avail Nvidia GeForce Now in India...

Many of us don't have high-end gaming computers but want to play some graphic-intensive games. Nvidia launched...
India Plans Historic Tariffs Cut on US Imports Worth $23 Billion

India Plans Historic Tariffs Cut on US Imports Worth...

In what could mark a turning point in economic relations between the world’s largest and fifth-largest economies,...

LATEST NEWS

OnePlus 13T Sets New AnTuTu Record with Over 3 Million Score

The OnePlus 13T is just weeks away from its official launch, but it has already made an impressive appearance on AnTuTu. Well, according to...

ISL 2024-25: Javi Hernandez’s Late Heroics Hand Jamshedpur FC Crucial First-Leg Edge Over Mohun Bagan Super Giant

Jamshedpur FC took a significant step towards the Indian Super League (ISL) 2024-25 final with a dramatic 2-1 victory over Mohun Bagan Super Giant...

Smart Samsung Cooling: Goodbye Sleepless Summers with Style!

Imagine a world where your air conditioner and fan work in perfect harmony, creating the ideal sleeping environment without you lifting a finger. Samsung...

IPL 2025: Venkatesh, Arora Star as KKR Hand SRH Their Biggest-Ever Loss

Kolkata Knight Riders (KKR) rediscovered their explosive batting form in Mumbai, while Sunrisers Hyderabad (SRH) continued their struggles, suffering a third consecutive defeat despite...

Featured