India's electronics industry faces challenges from proposed tariffs

timesnownews.com

India's electronics and semiconductor industries face challenges as former President Donald Trump proposes new reciprocal tariffs. This move could impact smartphone exports and manufacturing incentives, threatening India's position as a global electronics hub. Trump's tariffs target countries like India, which has a 15% duty on smartphone imports. This could disrupt India's $30 billion electronics export market, where smartphones account for 60%. The Production-Linked Incentive scheme, crucial for local manufacturing, expires in 2026. While some analysts see potential benefits from manufacturing shifts to India, challenges remain, including workforce training and infrastructure. The Indian government is urged to eliminate import duties on US electronics to mitigate the impact of retaliatory tariffs.


With a significance score of 3.4, this news ranks in the top 16% of today's 18496 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


loading...