iPhone Manufacturing in India Surges 60% This Year
Apple’s iPhone production in India has witnessed a remarkable surge, increasing by 60% in the 2024- 25 FY. The company’s Indian operations now contribute an impressive ₹1.89 lakh cr to the economy, solidifying the country’s growing role in Apple’s global supply chain. Now, India has become a critical hub for Apple as it diversifies its…
Vipin
India Bets Big on Solar with a $1 Billion Subsidy Boost
In the recent turn of events, Bloomberg mentioned that India is nearing completion of a $1 billion capital subsidy plan to strengthen its solar manufacturing sector. This initiative is part of a broader strategy to lessen reliance on China and capitalise on the global shift toward renewable energy. Moreover, the Ministry of New and Renewable…
Suryansh
India Beat China To Be The Biggest Gold Jewellery Buyer
As per the latest report from the World Gold Council, India beat China and emerged as the world’s biggest buyer of gold jewellery in 2024. In the previous year, India’s jewellery consumption stood at 563.4 tons, but China’s was 511.4 tons, 52 tons less. The report from the World Gold Council highlights that the Indian…
ABHYUDAYA MITTAL
India To Surpass Japan and Germany In Economic Growth
The annual meeting of Tamil Magazine ‘Thuglak’ took place in Chennai on January 14, 2025. It was the 51st anniversary of Thuglak, which Cho Ramaswamy founded on January 17, 1970. Many politicians, including Amit Shah, LK Advani, and PM Narendra Modi, attended this annual meeting. Piyush Goyal, the Union Minister of Commerce and Industry, addressed…
Shipra Prajapati
The Government’s New Plan To Curb Unregulated Lending
The central government proposed a new bill to curb lending by unregulated entities, including digital platforms. Under the new bill, violators will face up to 7 years in prison. Lenders harassing and using unlawful methods to recover loans will face 10 years in prison, while those who promote such lending activities will get up to…
Foxconn Bets Big on India with Its New Display Assembly
Foxconn plans to invest $1 billion in Tamil Nadu to set up its new display assembly facility. However, the timeline is not fixed yet; according to the Economic Times, Foxconn wants its facility to be up and running “as soon as possible.” Someone mentioned to Economics Time, “Foxconn has picked up about 500,000 square feet…
iPhone Pro Models Now Made in India—Lower Prices Ahead?
Apple has started training thousands of workers in its Tamil Nadu factory to produce its higher-end iPhone models, Pro and Pro Max versions. The company has also started pilot runs for the base models, and it plans to mass-produce them to meet the global launch timeline. Foxconn will likely be given priority for new manufacturing…
Malaysia Co-Partner With Chinese Automaker – BAIC Motor
The Southeast Asian region is looking forward to joining a partnership with China-based automaker – BAIC Motor. With the aim of expanding the local production of EVs, earlier this year, an agreement was signed between BAIC and Gigafactory Malaysia (GMSB), a subsidiary of NanoMalaysia. It is done to develop EV battery technology to increase the…
India Emerged As The Fastest Growing Passenger Market
India’s domestic airline capacity has skyrocketed by 100% in the past decade, propelling it to the third spot in the global passenger market, just behind the USA and China. In 2014, India’s passenger capacity stood at 8 million, but by April 2024, it had surged to 15.5 million, marking India as the world’s fastest-growing airline…
Chandan Kumar
China Dethrones US As India’s Top Trade Partner In FY24
GTRI (Global Trade Research Initiative) reported a dramatic shift in India’s trade dynamics with its top trading partners in the past few years, from 2019 to FY24. According to the report, imports from neighbouring countries increased by 3.24% to reach $101.7 billion in FY24. Moreover, the report mentioned that exports from the United States declined…