One signal

India now makes one in four iPhones, but still depends heavily on imported components, Bloomberg Opinion columnist Andy Mukherjee says. He questions whether the country’s manufacturing gains justify the growing taxpayer subsidies aimed at replicating China’s success.

That’s a useful reality check on the economics behind a major computing supply chain shift: assembling more phones locally is not the same as making their components locally. Mukherjee’s argument is commentary, not a verdict on whether the subsidies will pay off.

Discuss: Should governments subsidise electronics manufacturing when assembly grows faster than domestic component supply?

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