Even if Apple Moves Manufacturing to US, India Will Not Lose Much: Global Trade Research Initiative

Even if Apple Moves Manufacturing to US, India Will Not Lose Much: Global Trade Research Initiative

Get latest articles and stories on Business at LatestLY. If Apple CEO Tim Cook decides to move manufacturing unit from India to US, it will be Apple which will lose more than India says a report by Global Trade Research Initiative founder Ajay Srivastava. Business News | Even if Apple Moves Manufacturing to US, India Will Not Lose Much: Global Trade Research Initiative.

Even if Apple moves manufacturing to US, India will not lose much: Global Trade Research Initiative

FILE PHOTO: A salesman checks a customer’s iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi/File Photo If Apple CEO Tim Cook decides to move manufacturing unit from India to US, it will be Apple which will lose more than India says a report by Global Trade Research Initiative founder Ajay Srivastava. India may lose some low paying jobs, the report says, but if we see holistically currently, India earns USD 3…

Apple Would Lose More Than India if Manufacturing Shifts to US: GTRI | DH Latest News, DH NEWS, Latest News, India, NEWS, Technology , Apple, Global Trade Research Initiative

If Apple CEO Tim Cook decides to shift iPhone manufacturing from India to the US, it would hurt Apple more than India, according to Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI). While India may lose some low-paying assembly jobs, its earnings from iPhone production are minimal—about USD 30 per phone, much of which is returned to Apple via subsidies under the Production Linked Incentive (PLI) scheme. Moreover, India is …