Global brands such as Apple and Samsung are increasing their reliance on India for production, with Samsung and Apple expected to source around 23 per cent and 15 per cent of their global mobile production from India by FY25, respectively.
In either case, the impact on India’s electronics exports would be minimal, with weighted average tariffs already low at around 3-4 per cent.
Therefore, analysts project that India’s smartphone exports could reach $20 billion by FY25, and with global sourcing shifting further to India, the figure could soar to $70 billion by FY30.
The story "Buy Dixon, Samvardhana as US tariffs may boost electronics exports: Nomura" has 841 words across 24 sentences, which will take approximately 4 - 8 minutes for the average person to read.
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