New Delhi, April 18 -- India has emerged as a significant supplier of smartphones to the United States, meeting around 40 per cent of the demand previously catered to by China, according to a recent McKinsey & Company report.
The shift reflects broader changes in global trade patterns as companies and economies diversify sourcing bases.
The report noted that the United States has actively reduced dependence on Chinese imports, replacing nearly two-thirds of goods earlier sourced from China, valued at over USD 80 billion, ANI reported.
India and ASEAN economies have played a major role in filling this gap.
The report highlighted that India has sharply increased smartphone exports to the US, despite the long geographical distance of nea...
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