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.
Which news outlet covered this story?
The story "Buy Dixon, Samvardhana as US tariffs may boost electronics exports: Nomura" was covered 7 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 204 news stories per day.
It's most recent story was published 2 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
