India’s political and policy stability is emerging as a key factor in attracting long-term global investment, amid tariff tensions and global turmoil, Union Minister Ashwini Vaishnaw said in an interview with Moneycontrol.
Responding to questions about whether recent trade tensions with the United States have slowed investment by American firms - especially Apple- Vaishnaw pointed to sustained interest and expansion in sectors such as semiconductors and electronics manufacturing.
“Compared to the rest of the world, India offers a much higher degree of policy stability,” Vaishnaw said. “There is huge turmoil and turbulence if you look at the world today -that stability is attracting investors to our shores.”
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The minister highlighted the transformation of India’s role in global value chains. “Our design teams are now building complete products from the concept stage -what used to be back-office work has evolved significantly,” he said.
He also credited India’s skilled talent pool and the trust built over more than a decade of democratic governance as core to investor confidence.
“The world trusts us as a vibrant democracy. We don’t take short-term measures but focus on long-term growth. The results of these efforts will be visible in the coming years,” he said.
Despite global uncertainties, Apple and other multinational firms continue to expand operations in India, including in advanced electronics and semiconductor design, Vaishnaw noted.
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India’s smartphone exports surged 30 percent year- on-year during the first half of calendar year 2025 to touch 40 million units, with Apple’s exports rising 53 percent to cross the 20-million mark in H1CY25 for the first time.
The US alone received more than half of India’s smartphone exports during the period, underscoring the country’s growing role as Apple’s key manufacturing alternative and supply hub outside China
India’s booming smartphone export story has been supercharged by the Production-Linked Incentive (PLI) scheme, launched in 2020.
In FY21, smartphone exports were just $3.1 billion. By FY25: they rose to $24.1 billion, with Apple contributing $17.5 billion
On the semiconductor and chips side, American firms such as Micron, Nvidia, AMD and Intel are expanding in India.
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