et_companiesabout 3 hours ago
BULLISH(90%)
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Published on the original source: 29 Mar 2026, 6:00 AM IST
Smartphone PLI surpasses targets, turns out to be right call for India
Read original sourceAI Analysis
The success of the smartphone PLI scheme highlights the government's commitment to 'Make in India' for electronics. This could attract more foreign investment and foster a robust domestic manufacturing ecosystem.
Trading Insight
Look for opportunities in electronics manufacturing and ancillary industries, with a long-term bullish bias, but monitor for policy changes or global supply chain disruptions.
Key Evidence
- •The fiscal stimulus under the smartphone PLI scheme is likely to be around Rs 21,000 crore for FY21-26.
- •The stimulus is less than 1% of the value of production, indicating efficient use of incentives.
- •The PLI scheme for smartphones has surpassed its targets.
- •Risk flag: Potential for increased competition from new entrants attracted by PLI success.
- •Risk flag: Global economic slowdown impacting consumer demand for smartphones.
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