Key Points
Rajan used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper, news agency IANS quoted the minister as saying...
Rajan's paper titled 'Has India really become a mobile manufacturing giant?' had raised concerns about the the PLI scheme, accompanied by questions over India's rising mobile phone exports...
The imports linked to mobile phone manufacturing are merely $22 billion out of the total $32.4 billion - only 65 per cent is used for total mobile manufacturing," the minister said.. Therefore, the net foreign exchange outflow on account of mobile phone manufacturing for FY2023 is $10.9 billion, and not $23.1 billion, Chandrasekhar argued...
Of the total mobile phone production of $44 billion, only $10 billion or 22 per cent was eligible for PLI incentive in 2023," the minister pointed out...
Challenging Rajan's position that not even the smallest parts of mobile phones are manufactured locally, Chandrasekhar called this comment "complete intellectual bankruptcy and lack of understanding of electronics manufacturing in general, and smartphones in particular"...
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