In this case, the motivation to finish a product in India is mostly about tariff bypassing; with the final assembly being pretty minimal. Not quite putting the badge on, but close.
A good metric is the difference in value between the precursor and the final product; for most Indian phone production, it's less than 1%.
This is also a big reason why Indian export headlines are a bit silly; they never account for the increased import associated with the high value components.
Unclear if this will change going forward; there are some companies doing a higher proportion of the value chain in India, and some big incentives... But to me it's unlikely.
A good metric is the difference in value between the precursor and the final product; for most Indian phone production, it's less than 1%. This is also a big reason why Indian export headlines are a bit silly; they never account for the increased import associated with the high value components.
Unclear if this will change going forward; there are some companies doing a higher proportion of the value chain in India, and some big incentives... But to me it's unlikely.