if we are subsidizing manufacturers to finish in India then export. What matters for manufacturing prowess is how much value is being added in India. Apparently, very little! India has become a mass assembler of mobile phones, the least value-added part of the supply chain, accounting for only a few percentage points of the total value of the mobile phone. Most of the parts, including the most sophisticated elements, such as logic chips, are imported. Indeed, it is not even clear if the value added in India exceeds the subsidies that are offered.
