Economic Survey 2020: Mobile phone assembly rings a success story

Economic Survey 2020: The survey highlighted the case of mobile phone assembly, which is another recent success story for India.

According to the survey, between 2013 and 2017, while India’s telecom handset imports declined from $4.47 billion to $3.31 billion, that of telecom parts increased steadily from $1.34 billion to $9.41 billion.

“At the same time, exports of telecom handsets increased significantly during the last three years. This pattern is consistent with the emergence of India as an assembly centre for telecom handsets,” the survey said.