4 min read.Updated: 16 Oct 2017, 12:04 AM ISTLivemint
The country has tripled the output of smartphones manufactured, but local value addition remains low
History shows that manufacturing follows trade. In 1914, India was the world’s largest importer, not of British textiles, but of British textile machinery. That is, India was becoming a major textile manufacturer. This happened because merchants of British textile had developed mature markets in India and had themselves started manufacturing. The case with smartphones would be no different if things were that simple. Unfortunately, complications abound.