India imports electronic components from China (62 percent), Vietnam (2 percent), South Korea (10 percent), Japan (2 percent) and other Southeast Asian countries, resulting in increased lead time and costs, as per an EY report from December 2023. Of the total components, India can only source 12 to 13 percent of the components locally, in terms of value. Whereas countries like China can source close to 50 to 55 percent locally, and Vietnam, about 30 percent, as per Counterpoint Research…Read More