Beyond encouraging established brands to set up manufacturing units in India, the initiative also seeks to create opportunities for manufacturers of affordable devices, catering to citizens living below the poverty line. While significant progress has been made in improving the standard of living for many Indians, this measure aims to provide a fair chance for cheaper devices to penetrate the market and contribute to India’s economic growth and self-sufficiency. As India positions itself for further growth in the technology sector, this strategic approach to balancing imports and domestic production is expected to yield long-term benefits for the nation’s economy and technological development.
