New Delhi, July 26 (UNI) The data reported by the US International Trade Commission (USITC) shows that US imports of smartphones from India surged massively in the first five months of the current year. On the other hand, the Chinese proportion in US smartphone imports fell from 82 percent to 49 percent between the same months.
Reportedly, India now accounts for about one-third of smartphones imported in the United States.
India is dynamically evolving as the hub of smartphone imports and posing a threat to China’s dominance. This market optimism is led by Apple’s recent move to shift its production capacities to India.
Now, Apple has major production capacities in India, which is assisted by the PLI (Production Linked Incentive) program. The PLI scheme is specifically designed to encourage domestic manufacturing and investments in the targeted sectors to boost production capacity.
The USITC is a federal agency responsible for investigating trade-related issues, trade remedy laws, and providing support to US trade policy. This institution was created as the US Tariff Commission. As a Quasi-judicial body, USITC investigates the impact of imports on industries in the United States.
