Brief by Shorts91 Newsdesk / 06:04am on 29 Oct 2024,Tuesday India Global
Apple's iPhone exports from India increased by 33% to $6 billion between April and September, driven by government subsidies, a skilled workforce, and technological advancements. This growth puts Apple on track to surpass $10 billion in annual exports from India. The expansion is part of Apple's strategy to reduce dependence on China amid escalating US-China tensions. Key manufacturing partners, including Foxconn and Wistron, have established operations in India. Apple's investment is expected to boost India's electronics manufacturing sector, creating jobs and driving economic growth. India's government aims to increase electronics exports to $120 billion by 2026.
