India Economy Thread
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nahtanbob
Elite Member
nahtanbob
Elite Member
Wait until Trump goes after VIetnam
Gripen9
Trusted Member
That was my first thought. Stealing underpins something illegal/unethical is bieng done.
nahtanbob
Elite Member
Foxconn reportedly to double iPhone manufacturing in India
Foxconn reportedly plans to double iPhone production in India by 2025, aiming to produce 25-30 million units annually. This expansion, driven by Apple's diversification strategy and Indian government incentives, marks a significant shift in global iPhone manufacturing.The Economic Times, citing industry sources, reported that Foxconn plans to produce 25 million to 30 million iPhones in India in 2025, significantly increasing from the 12 million assembled in 2024.
Progress at Foxconn's Bengaluru facility has been substantial, with trial runs over the past few months assessing the plant's ability to meet Apple's stringent quality standards.
The report, citing Lori Chang, a senior analyst at Taipei-based Isaiah Research, stated that Foxconn's main focus will continue to be iPhone production, with expectations that the share made in India will increase from 12-16% in 2024 to 21-25% in 2025.
Apple is enhancing its iPhone production in India to reduce reliance on China. The Financial Times reported that by early 2025, India will contribute about 15% of global iPhone output, with plans to increase this to 25% by 2027. A significant move in this direction is Tata Group's acquisition of a 60% stake in Pegatron Technology India, which manages an iPhone assembly plant near Chennai.
The Indian government is supporting this effort by eliminating import duties on components essential for smartphone production. In March 2025, Finance Minister Nirmala Sitharaman announced the removal of duties on 28 items related to mobile phone production to bolster local manufacturing capabilities and enhance India's competitive edge in exports.
Article edited by Jerry Chen
nahtanbob
Elite Member
nahtanbob
Elite Member
Apple's plan to source more iPhones from India may be double blow to China
Apple is planning to source more iPhones from India in an attempt to avoid the high tariffs President Donald Trump has imposed on China, The Wall Street Journal reports.
www.newsweek.com
@kankan326 @Han Patriot
nahtanbob
Elite Member
Apple India produced $29 billion of iPhones in shift from China
The tech giant increased production by nearly 60 per cent over the previous year. Read more at straitstimes.com. Read more at straitstimes.com.
CALIFORNIA – Apple Inc assembled US$22 billion (S$29 billion) worth of iPhones in India in the 12 months ended March, increasing production by nearly 60 per cent over the previous year in a sign of continued diversification away from China.
The Cupertino, California-headquartered company now makes 20 per cent, or one in five, of its prized iPhones in the South Asian country, according to people familiar with the matter who asked not to be identified as the information is not public. The dollar figure represents the devices’ estimated factory-gate value, rather than the marked-up retail price.
The ramp-up suggests the iPhone-maker and its suppliers are accelerating a pivot to India from China – a process it began when harsh Covid-19 lockdowns hurt production at Apple’s largest plant. The bulk of India-made iPhones are assembled at Foxconn Technology Group’s factory in southern India. Tata Group’s electronics manufacturing arm, which bought Wistron Corp and controls Pegatron Corp’s operations, is also a key supplier.
Apple did not respond to a request for comment outside of regular business hours.
Of the total India production, Apple exported 1.5 trillion rupees (S$22.9 billion) worth of iPhones from the region in the fiscal year through March 2025, the nation’s Technology Minister said on April 8.
Shipments of iPhones from India to the US accelerated after President Donald Trump announced his plans for so-called “reciprocal” tariffs in February, the sources said. Apple’s average India production and exports surged all through the fiscal year to March.
Apple will increasingly prioritise iPhones from the India supply chain for its US customers, Bloomberg reported previously.
The Trump administration on April 11 exempted electronic goods, including smartphones and computers, from its reciprocal tariffs. That is good news for companies such as Apple and Nvidia Corp, though the reprieve does not appear to extend to Mr Trump’s separate 20 per cent duty on China, applied to pressure Beijing to crack down on fentanyl.
This means iPhones made in India will not attract any duties as of now. Barring the exceptions made, Mr Trump’s cumulative levies on China remain at 145 per cent, and will likely force companies such as Apple to intensify their supply chain shift.
But with nearly 200 suppliers and an overwhelming reliance on China, moves to other countries could take years to play out. Despite Mr Trump’s ambition to have iPhones made in the US, Apple is unlikely to move production there any time soon due to factors including a shortage of facilities and labour needed to produce the devices.
Apple’s chief executive Tim Cook has often praised China’s high level of skill in making its marquee devices. In 2022, Bloomberg Intelligence estimated it would take eight years to move just 10 per cent of Apple’s production capacity out of China.
Apple now assembles its entire iPhone range in India, including the more expensive titanium Pro models. Its manufacturing success in the world’s most populous nation is also helped by state subsidies tied to Prime Minister Narendra Modi’s ambition to turn the country into a manufacturing hub. Mr Modi is also seeking to widen electronics component manufacturing with US$2.7 billion in new financial incentives, and is focused on advancing its semiconductor ambitions.
Apple has a nearly 8 per cent market share in India’s smartphone market, where its sales – a bulk of those from iPhones – reached almost US$8 billion in fiscal year 2024. BLOOMBERG
Raj-Hindustani
Elite Member
Yaar such videos that make to earn money from YouTube, excited you, Isn't?
Even they are useless...
clutch
Elite Member
I'd you divide GDP by population. That's the real message of the video.
