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Apple's Expansion in India Set to Accelerate Thanks to Duty Reductions
Apple stands to benefit significantly from India's recent reduction in import duties on mobile phones and components, aimed at boosting local...
Apple stands to benefit significantly from India's recent reduction in import duties on mobile phones and components, aimed at boosting local manufacturing and making high-end smartphones more affordable (via Reuters). The country's official economic survey for 2024 also highlights the positive impact of initiatives such as the Production Linked Incentive (PLI) scheme and the Districts as Export Hubs (DEH) program. Last Friday, a major CrowdStrike outage impacted PCs running Microsoft Windows, causing worldwide issues affecting airlines, retailers, banks, hospitals, rail networks, and more.
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