Budget 2021-22: Moving Towards Atmanirbharta In Mobile And Electronics Industry

The most anticipated union budget of the recent times i.e., the Union Budget 2021-22 was finally announced on 01 February 21. With the Union Government facing daunting challenges in the wake of COVID-19 pandemic and the emerging chaos on the geo-political as well as the local front; it was to be seen what path is adopted to steer the economy out of these doldrums.

'Chaos is a ladder':

While COVID-19 induced chaos has forced the countries/corporations world over to look into re-alignment of their global supply chains, only a handful countries have been able to capitalize upon the opportunity offered by this chaos. India, seems to be one of those countries which marketed itself aggressively during the pandemic and was able to capitalize upon the opportunities that presented in some sectors namely mobile manufacturing and electronics. As a result we witnessed shifting of manufacturing/assembly related to some global premium mobile brands into the Indian mobile