India’s $2.5BN Apple Shock To China: iPhone Components Now Exported To Chinese Factories | Explained
India’s electronics trade with China is showing a notable shift, with exports of Apple components reaching around $2.5 billion and expected to rise further this fiscal year. Former NITI Aayog CEO Amitabh Kant described the development as “unimaginable,” highlighting the impact of the government’s PLI scheme in boosting domestic manufacturing. Watch.
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