»Apple India Online Store Logs In To A Fantastic Reception As Apple’s Accelerated India Focus Continues
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Apple India Online Store Logs In To A Fantastic Reception As Apple’s Accelerated India Focus Continues
Through 2020, Apple focused on manufacturing in India, particularly for the iPhones, as well as the launch of the Apple India online store and the participation in the government’s Production Linked Incentive (PLI) offer. All that has shown results, with Apple clocking a strong showing in the winter quarter.
Last Updated:January 26, 2021, 12:41 IST
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The Apple India online store has been off to a great start and that has helped Apple increase its market share significantly in India. It turns out that the Apple iPhone 12, Apple iPhone 11 and the iPhone XR have been the most popular phones in India during the winter months, which means Apple has doubled its bite on the Indian smartphone market to 4%. Apple also clocked at 60% year on year growth i
FDI is likely to exceed $50 billion this year while FPI flows into equity (around $20 billion of net equity investments YTD) are likely to reach record levels.
Synopsis
With more than 30,000 processing units, India s plastic goods are exported to over 200 countries, but the sector is facing many structural issues which need to be addressed urgently.
Despite India having an FTA with ASEAN and SAARC, the export of value added plastic goods to ASEAN countries is lesser than our share in trade with the USA, UK and WANA, says Goenka. (Pic: Plexconcil)
India s plastics sector plays a catalytic role in the economic development of the country. Unsurprisingly, the country currently ranks among the top five consumers of polymers in the world, has over 30,000 plastics processing units, employing over four million people across the country. India s plastics goods are exported to over 200 countries and plastics formed 3.3% of the country s overall merchandise exports in 2018-19. However, the sector, with almost 65% of exports from MSMEs, is faced with many structural challenges too. With the Union Budget 2021 around the corner,