How smart tech strategies can help mobile manufacturers in India

There is a tectonic shift in the Indian manufacturing sector. Despite having the sixth-largest economy in the world, contributing to 3.1% of the GDP, India’s export contribution to global trade is only 1.6%. That is going to change, buoyed by the government’s robust policy thrust, initiatives like production-linked incentives (PLIs) to encourage local manufacturing, and fresh investments that are pouring into the country’s core industrial sectors. As India emerges as a hub for manufacturing exports, cutting-edge technology and best-in-class workforce are being deployed in the country’s manufacturing domain, giving further impetus to India’s strengths on cost efficiency. Manufacturing is emerging as an integral pillar in the country’s economic growth and one of the key sectors that can benefit from this is consumer technology. There’s a boom around the corner for India’s smartphone manufacturers, and the time is right for phone makers to dial in and ride this wave.