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India's mobile phone exports led by assembly not production: Rajan
short by Srishty Choudhury / on Tuesday, 30 May, 2023
Raising concerns about India's booming mobile phone exports, ex-RBI Governor Raghuram Rajan said the growth is primarily propelled by assembly rather than genuine manufacturing within the country. He said the rise in exports has been accompanied by imports of inputs that go into making devices "and when we correct for that, it's...hard to maintain that net exports have gone up".
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