India’s IT ministry, which formally notified its ₹62,500-crore Mobile Phone Manufacturing Scheme (MPMS) on 21 August, has proposed to offer incentives to build a homegrown smartphone brand. Is a major homegrown phone feasible in the country...
Commerce minister Piyush Goyal is in Japan to boost trade and investment ties with India. A survey of 300+ Japanese firms ranks India among the most promising overseas markets, even as peers lose appeal. Share of Japanese companies...
On Monday, India’s government released quarterly producer price index (PPI) data for the services sector. This helps fill a gap in inflation measurement. While the wholesale priceindexisonlyforgoodsand many services are included in the...
The idea behind creating a homegrown phone brand was driven by the fact that when it comes to generating revenue that adds to the gross domestic product of India itself, a homegrown brand would make a big impact, which does not happen today....
Yes. Between 2013 and 2021, when India’s smartphone market grew 21% annually, brands had ample room to enter and experiment. A large pool of first-time buyers made it easier for brands. This doesn’t hold today. Over 13 years, brands such as Vivo,...