Since April 2022, when New Delhi began pushing for local manufacture, Apple’s iPhone exports from India have topped $1 billion, as reported by Bloomberg News. Exports of iPhones manufactured in India are expected to reach $2.5 billion in the 12 months ending in March 2023, almost doubling from the 12 months ending in March 2022. From April through August of 2022, India sent out iPhone 11, 12, and 13 models; the new 14 series will join them shortly. This is a huge step forward for India as it competes with China to become the world’s electrical manufacturing powerhouse.
The quantity of iPhones manufactured in India.
TechHQ reports that the Indian government has been pushing for a rise in the percentage of “Made in India” smartphones. The number of iPhones shipped from India grew fourfold in a single year, from 10,000 crore to 40,000 crore, as reported by News Arena India. According to the most recent numbers, India currently manufactures 5% of iPhones worldwide, up from less than 1% in 2020. The value of iPhones made in India has climbed by 162% year over year, while the number of iPhones made in India has increased by 65%, according to a research by Tekdeeps.
Rajkotupdates.news:apple-iPhone-exports-from-India-doubled-between-April-and-August Latest Updates:
Is there any effect on China’s economy?
As a result, China’s income and employment may suffer because of a lower percentage of global iPhone manufacturing and exports.
It makes India a more formidable rival to China as a smartphone and electronics manufacturing powerhouse.
More economic disputes are likely to arise between China and the United States and other nations as they attempt to lessen their reliance on Chinese supply chains, heightening geopolitical concerns for China.
It’s a threat to China’s efforts to become an innovation and quality powerhouse in the high-tech industry.
In conclusion, new sources imply that between April and August of this year, Apple’s iPhone shipments from India quadrupled. The report of Rajkotupdates attributes the rise in exports to the production-linked incentive system instituted by the Indian government, Apple’s attempts to expand its manufacturing facilities in India, and rising demand for the iPhone in the local market.news:Apple-iPhone-exports-from-India-doubled-between-April-and-August. The Indian economy stands to benefit greatly from this trend, as it will likely lead to more job openings, a larger share of GDP, and a better reputation as a place to do business. In addition, a rise in Apple’s exports may encourage the establishment of a more robust technological ecosystem in India, leading to a trade surplus. India’s potential to become a major role in global technology manufacture and commerce is shown by this increase in Apple exports.