Apple stands to lose more than India if manufacturing moves to US: Global Trade Research initiative

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, but if we see holistically currently, India earns USD 30 per iPhone, much of it is given back to Apple as subsidy under the Production Linked Subsidy (PLI) scheme. Also India is reducing tariffs on key smartphone components at the request of big firms like Apple, which is hurting domestic industry who are into building a local manufacturing ecosystem.