New Delhi, July 23 -- A study by Centre for Development Studies (CDS) has quantifiably ascertained the progress of the Mobile Manufacturing sector in India, with India rapidly ascending to become the world's 3rd-largest mobile phone manufacturing-based exporter at USD 20.5 Billion (CY2024).

This transformation, starting in 2017, is attributed to sustained government support, and strategic integration into global value chains (GVCs) with a sharp policy pivot towards exports with the launch of the Production Linked Incentive (PLI) Scheme in 2020, according to an official statement.

The study, led by Professor C Veeramani, Director and RBI Chair professor, tracks India's extraordinary journey from an import-reliant mobile market in 2014- 1...