India Economy Thread

That is something..


Mostly driven by spike in remittance & service export. Overall yearly deficit still exists as manufacturing sector performance still under par.
 
To all those dimwits who think China is a friend


 
iPhones cannot be assembled in India without Chinese components
 
To all those dimwits who think China is a friend


India has no friends
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Government gets 'SOS call' from trade body onChina's 'Leave India' order to engineers andtechnicians, what the letter says

TOI Tech Desk / TIMESOFINDIA.COM / Updated: Jul 21, 2025, 20:36 IST

India's electronics industry has reportedly sent an SOS message to the government over what it describes as "informal trade restrictions" imposed by China. The industry warns that the covert measures being used by China could cripple India's global competitiveness and jeopardize its $32 billion smartphone export target for the current fiscal year. According to a report in Economic Times, Indian electronics and smartphone industry views China's actions as a deliberate attempt to undermine India's emergence as a global manufacturing powerhouse.

In a letter to the government, the India Cellular and Electronics Association (ICEA), the industry body representing major companies including Apple, Google, Motorola, Foxconn, Vivo, Oppo, Lava, Dixon, Flex, and Tata Electronics, wrote that China's actions are "solely aimed at crippling India’s supply chains and undermining its rise as a global manufacturing hub." The curbs, the ICEA highlighted, are already causing significant delays and inflating costs for manufacturers.

The SOS letter has urged the Indian government to urgently intervene regarding China's latest controls on capital equipment, critical minerals, and the movement of skilled technical personnel. Crucially, the ICEA emphasized that these restrictions are being enforced in a "planned, sequential manner without any formal notifications, and only through verbal instructions."

"While domestic production remains relatively insulated for now, export-linked manufacturing to the tune of $24 billion in FY25, projected to cross $32 billion in FY26 in smartphones has now come under serious risk," the ICEA warned in its letter.
 

Apple's iPhone production in India soars as sales increase​

Apple's production in India reportedly surged in the early stages of 2025, with up to 17% of global iPhone production stemming from the country.

Apple has been gradually expanding its manufacturing operations, shifting away from a China-centric approach in favor of one that also exists in India. Over the years, it has seen progress, but it has apparently exploded in 2025.

According to data from Canalys seen by Yahoo, iPhone production in India has risen 53% year-over-year, hitting 23.9 million units.

That production boom is expected to continue further. While it currently supplies approximately 16% to 17% of iPhones in the world, which has grown in just a few short years, it is projected to reach a 25% share by 2027.

That acceleration is likely to be driven by moves such as Foxconn's $1.5 billion investment in the country.

Apple has also been moving towards producing newer models in India, including high-end models such as the iPhone 16 Pro. It is almost certain that the iPhone 17 will be produced in some capacity in India too, with it reportedly entering trial production in the country.

Part of this shift is caused by the ongoing U.S. tariff battle, which has seen China become a major target of U.S. President Donald Trump.

The backdrop of escalating tariffs prompted a change in Apple's import patterns. In May, Apple CEO Tim Cook confirmed that half of the iPhone sales in the United States in the second quarter involved iPhones produced in India.

The Indian government also saw this change too. In May, a report revealed an
increase in the value of Apple exports by 116% in April versus the same month one year prior.

Not just manufacturing​

The shift in India isn't just from building iPhones. It's from buying them too.

The report adds that, in terms of demand in India, Apple is now in the top five smartphone brands sold in the country. Revenue from iPhone sales in India for Q1 2025 is up 28% year-on-year.

The reason for this is said to be due to an increase in premium device adoption, as well as tempting financing offers.

The demand is certainly something Apple has noticed. It is currently in the middle of building a new Apple Store in Mumbai's newest shopping mall, the Sky City Mall, as well as reports of one being made in Bengaluru's Phoenix Mall of Asia.
 
Excellent stuff. India has been rising in drone tech recently.


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