High tariffs impair India’s global edge in smartphone sector: ICEA

The India Cellular and Electronics Association (ICEA) on Wednesday released a study of tariffs on smartphone input components that found India to have the highest tariffs amongst six other manufacturing competitors.

The study carried out by the premier electronics manufacturing industry body across seven countries, further underlines that the high tariff rates lead to increased costs, making it difficult for companies to join Global Value Chains (GVCs), ultimately reducing India’s competitiveness among other countries.