India's path to China, iPhone production

This is a India news story, published by CNBC, that relates primarily to * Bank of America news.

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CNBC's Inside India newsletter: Why Make-in-India isn't a guaranteed success despite U.S. tariffs on China

Summary

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86% Informative

Bank of America expects iPhone costs could increase by only 25% if final assembly is moved to the U.S. , instead of India , due to higher labor costs.

Some argue that New Delhi should forgo jobs in iPhone 's assembly lines and rather build a local ecosystem for high-end component manufacturing.

India has emerged as a significant, albeit nascent, hub for electronics assembly, but the path to it becoming a clear-cut alternative to China isn't a guaranteed outcome.

Analyst: India earns just $30 per iPhone, much of which is given back to Apple as subsidy under the Production Linked Incentive scheme.

Moody's Ratings : India 's large domestic economy and low dependence on imports could shield it from the impact of tariffs.

India is hoping for a full exemption from the U.S. ' "reciprocal" tariffs on the South Asian country.

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English

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