Can India become the world's next manufacturing king?
everyone knows that the iPhone in made in China but not anymore! because soon the iPhone will be made somewhere else, in a country that I think is the world's next MANUFACTURING POWERHOUSE.
In the future the iPhone will be made in India and because of this, a lot is about to change. a let's talk about the past. The iPhone has a lot of parts and they are manufactured all over the world. The battery is made in Korea, the camera is made in Japan, the screen in the Philippines and many other countries. And for years, all these parts were sent to China and assembled in a factory and then COVID-19 and manufacturing in China pretty much died.
A lot of Chinese companies are basically stopping production because they don't want the disease to spread and this was a huge problem, not only for Apple but for every other country that depends on China to buy stuff. So to solve this problem, companies looked for other countries like the Philippines, Pakistan and Mexico. But the most attractive country was INDIA.
The cheapest wage for a Chinese worker is $1 40 but in India it's $70. And recently, India started the make in India initiative to manufacture products and expand in India. Basically, making it cheaper and more accessible and because iPhone will be produced locally they won't have to pay the 20%import tax and this is amazing for everyone in India. Because now ugliness will be cheaper than ever and what's even better is that Apple will bring in hundreds and thousands of jobs to Indians that need it.
The Indian economy is one of the fastest growing in the world, growing faster than China and it's look like there's no stopping it. But India still has problems that they need to solve.
1. Extreme Poverty
2.Sanitation
3.Over Population
But with this huge influx of companies moving to India more products will be made locally and many of them will be exported around the world. So instead of seeing made in China the world will start to see made in India. This means more money and a healthier economy and because of that, they have a huge potential to overcome this problems and become one of the world's leading superpowers.
Indian's economy were going to explode! and they are going to become the biggest manufacturing powerhouses with thousands of huge businesses, billion of hardworkers and trillion of cheep products. And that is the future of India.
Are you agree?
