Impact of 'Make in India': Imports for top electronics cos dip on rising local tide, possibly for the first time ever

Major electronics companies like Samsung, Apple, and Whirlpool are importing less, marking a potential first-time occurrence. This shift is attributed to the 'Make in India' initiative promoting local manufacturing and component sourcing. While mobile phone localization is steadily increasing, home appliances have achieved significant local sourcing, leading to an overall 7% import decline in the last fiscal year.