Over 21,000 jobs in audio electronics segment at risk due to China's rare earth curbs: Elcina estimates

China's export restrictions on rare earth metals, crucial for audio electronics, threaten over 21,000 jobs in India. This disruption forces device makers to import fully assembled speaker modules, reversing the trend of local component manufacturing. ELCINA urges government intervention through G2G dialogue and incentives to boost domestic rare earth magnet production and R&D to mitigate the impact.