India Economy Thread

[CallSignMaverick]

Question when will India hit 10 trillion gdp
And 1,0 trillion manufactory gdp

2035 maybe

 

[CallSignMaverick]

ST Telemedia Global Data Centers (STT GDC) has announced an investment of Rs 26,000 crores (US$ 3.2 billion) into expanding data center capacity by 550 MW across India over the next five to six years.

STT GDC to invest $3.2 billion in India to expand data centre capacity

STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.

economictimes.indiatimes.com

 

[DDG-80]

Make-in-India Pro Max: iPhone 16 is a milestone for Indian manufacturing

India's manufacturing sector is gaining momentum, led by the electronics industry. Apple is a key player, with plans to shift 25% of iPhone production to India by 2025. The latest iPhone 16 series will be available here soon after global launch, marking a significant milestone for Indian...

economictimes.indiatimes.com

 

[DDG-80]

Wow, surprisingly, BOE has become the supplier of iPhone OLED. This is a huge breakthrough. Previously, the only supplier of iPhone OLED was South Korea

Chinese company BOE has been trying to catch up, but is still insufficient. With new products set to launch in September, Samsung Display and LG Display have received approval for mass production, while BOE has yet to secure approval. BOE had difficulties in mass-producing panels even for the iPhone 15 series.

Samsung and LG Display Set to Dominate iPhone 16 Panels Amid High Hopes for Korean Component Manufacturers

As Apple's iPhone is expected to reach its highest sales in three years, there is growing anticipation among Korean component manufacturers. Not only Samsung D

www.businesskorea.co.kr

 

[DDG-80]

Sources said "preparations are in full swing", adding that enclosures produced at the plant's components factory set in up in 2021 are already used for some iPhone models built in India and exported to China, the report said. "Equipment and production lines are being stress-tested to meet the high demand expected at this new facility," sources told the paper.

https://www.livemint.com/companies/news/apple-iphones-india-tata-electronics-rs-6000-crore-hosur-facility-begin-manufacturing-november-2024-report-smartphones-11724049604996.html

 

[LeGenD]

Impressive development.

Although, I am not sure how India is stealing China's iPhone business because Apple remains strong in China irrespective of all the claims to the contrary.

Top 5 smartphone makers by market share in China

www.chinadaily.com.cn

Apple Captures the Top Spot in the China Smartphone Market in 2023 for the First Time Ever, Despite the Overall Market Dropping 5.0%, According to IDC Tracker

IDC examines consumer markets by devices, applications, networks, and services to provide complete solutions for succeeding in these expanding markets.

www.idc.com

 

[nahtanbob]

Impressive development.

Although, I am not sure how India is stealing China's iPhone business because Apple remains strong in China irrespective of all the claims to the contrary.

Top 5 smartphone makers by market share in China

www.chinadaily.com.cn

Apple Captures the Top Spot in the China Smartphone Market in 2023 for the First Time Ever, Despite the Overall Market Dropping 5.0%, According to IDC Tracker

IDC examines consumer markets by devices, applications, networks, and services to provide complete solutions for succeeding in these expanding markets.

www.idc.com

Apple's plan is to diversify manufacturing supply chain. As per Apple's plan 25% of iPhone manufacturing goes to India.

Apple employs 1 million workers in China to make their products for both China and rest of the world, If the plan to make 25% of iPhones in India goes there will be loss of jobs in China

 

[DDG-80]

Apple supplier Jabil to set up manufacturing facility in Trichy for Rs 2,000 crore

A Memorandum of Understanding (MoU) was exchanged between Jabil officials and the Tamil Nadu state delegation on Tuesday in the presence of Tamil Nadu CM MK Stalin who has been in the US on a 17-day trip to garner fresh investments.

economictimes.indiatimes.com

 

[DDG-80]

Dixon signs deal to make laptops, PCs for HP

Dixon Technologies has signed an MoU with HP India to manufacture laptops, desktops, and all-in-one PCs under its subsidiary Padget Electronics. This partnership will operate under the production-linked incentive scheme (PLI 2.0), enhancing HP's portfolio of domestically manufactured products in...

economictimes.indiatimes.com

Maruti Suzuki India to export EVs to Europe, Japan soon

Maruti Suzuki India plans to export high-specification electric vehicles with a range of 500 km, powered by a 60 kWh battery. The company aims to increase customer confidence by offering multiple EV products and after-sale support. They also plan to develop biofuel and hydrogen models to combat...

economictimes.indiatimes.com

Indian Auto Industry Crosses Rs 20 Lakh Cr, Contributes 14-15% GST

India's auto industry surpassed Rs 20 lakh crore in FY24, contributing 14-15% to total GST. SIAM President highlights industry's growth and future plans.

money.rediff.com

 

[nahtanbob]

https://www.financialexpress.com/business/industry-express-mobility-apple-set-to-grab-biggest-bite-of-made-in-india-semiconductors-in-talks-with-micron-tata-group-to-source-chips-worth-12-billion-3606291/

It will be interesting if it materializes

Do not normally tag people @LeGenD

 

[DDG-80]

https://www.business-standard.com/companies/news/iphone-exports-from-india-surge-54-to-5-bn-for-first-5-months-of-fy25-124091001197_1.html

 

[DDG-80]

Reliance Industries wins 10 GWh ACC capacity under PLI scheme for battery manufacturing - CNBC TV18

Shares of Reliance Industries Ltd ended at ₹3,029.80, up by ₹10.20, or 0.34% on the BSE.

www.cnbctv18.com

Govt receives investment proposals worth ₹75,000 crore under auto PLI scheme

The government has received investment proposals worth around ₹75,000 crore under the auto PLI scheme, of which close to ₹18,000 crore has already been invested.

auto.hindustantimes.com

https://www.business-standard.com/industry/news/pli-scheme-boosts-ac-industry-localisation-doubles-in-two-years-124090400761_1.html

 

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[huanghong]

Chinese company BOE has been trying to catch up, but is still insufficient. With new products set to launch in September, Samsung Display and LG Display have received approval for mass production, while BOE has yet to secure approval. BOE had difficulties in mass-producing panels even for the iPhone 15 series.

Samsung and LG Display Set to Dominate iPhone 16 Panels Amid High Hopes for Korean Component Manufacturers

As Apple's iPhone is expected to reach its highest sales in three years, there is growing anticipation among Korean component manufacturers. Not only Samsung D

www.businesskorea.co.kr

Very interesting, but I don't know which one is right between you and nahtanbob. On one hand, nahtanbob claim that BOE accounts for 20% of production, while on the other hand,you claim that it didn't happen.

 

[paindu]

There is an Indian scientist working on a cold-atom/quantum inertial navigation system.

I would be very interested in what it could do if I was the Indian military.

This sounds interesting.

I remember an Indian PHD's student visa was denied despite being on full scholarship from Melbourne University. From memory, his study was related to Silex technology which has nuclear application.

Apologies for off topic post.