Mobile phone imports declined 33% in FY22
India’s mobile imports decreased 33 percent year-on-year in FY22, according to a research report by credit rating company Crisil. Dependency on China reduced to 60 percent from 64 percent in FY21 and is expected to fall more in the medium-term. Crisil estimates that Indian consumption will reach ₹3.5 lakh crore to ₹4 lakh crore in…