India’s manufacturing sector stands to benefit greatly from Donald Trump becoming US President. Apple, the most valuable company in the world, will not be left behind when it comes to taking advantage of this opportunity. The reason for this is that products made in China may have to pay high tariffs to enter the United States after Trump takes office.
In such a situation, it is estimated that India can increase its iPhone production by $30 billion, i.e. Apple can double the production of iPhones in India in the next two years. Apple currently manufactures iPhones worth between $15 and $16 billion in India.
Trump is strict with China!
But this will only happen when the new American president, Donald Trump, fulfilling his old promise, imposes heavy tariffs on imports from China. In fact, in his campaign, Trump had proposed imposing tariffs of 60 to 100 percent on products from China. If Trump implements these policies after reaching the White House, it is believed that Apple will rapidly increase production in India.
With this step, India can become a major production center for Apple. Apple is now starting production of premium iPhone Pro models in India. In such a situation, due to increasing demand for premium iPhones and increasing production in the country, Apple’s annual production in India may exceed $30 billion.
Elon Musk can take advantage of the opportunity
According to statistics, Apple currently has a 6 percent share in the Indian smartphone market. But in 2023, Apple overtook Samsung by taking a 23 percent share of smartphone sales revenue. Apple shipped 10 million iPhones to India in 2023, up from just 6 million in 2022.
However, Apple may have to face many challenges to increase production in India. These challenges include cost issues and political instability. If these issues are not resolved, Apple could also consider moving production to other countries such as Vietnam. Currently, India provides 12 to 14 percent of Apple’s iPhone supply chain.
If Apple’s production increases, this figure can reach 26 percent and 2 lakh new jobs can be created in India. The electronics industry here will benefit from increased iPhone production in India. Recently, Apple also planned to open four new Apple Stores in India, including one more store in Bengaluru, Pune, Delhi-NCR and Mumbai.
Huge increase in Elon Musk’s wealth
In fact, with the victory of Donald Trump there is a sharp rise in Apple shares, which is why there has been a huge increase in Elon Musk’s net worth. According to the Bloomberg Billionaires Index, Elon Musk’s net worth has increased to $314 billion. In 24 hours, Elon Musk’s wealth has increased by $17 billion.
Not only this, Donald Trump’s return is expected to affect the Indian economy in many ways. US President Donald Trump’s “pro-business” policies and “America First” agenda will have a direct impact on many sectors in India, from real estate to IT.
Real estate experts believe that if Trump returns to power, there can be a big boom in the Indian real estate sector, especially in commercial and luxury properties. Trump’s pro-business policy and tax reforms may boost foreign investment in India, which is expected to increase investment in premium properties in big cities such as Mumbai, Delhi and Bengaluru.
Experts also say that this will increase the trend of more high-end projects in India, which will strengthen the luxury housing market. Trump’s return will also have a major impact on India-US relations. It is believed that Trump’s arrival can bring stability to global trade, which could directly benefit the Indian economy.
Strong friendship between India and the United States!
India is also likely to become a strong ally of the United States under the new Global Alliance, which will increase trade and investment between the two countries. This type of alliance can make India a global supplier and partner. However, India’s pharmaceutical and IT sector may face some difficulties due to Trump’s America First policies.
Costs in the IT sector may increase due to the strictness of visa policy and immigration control. But a strong US dollar can also boost revenues for Indian IT companies. A large impact of Trump’s policies can also be seen in the manufacturing and defense sectors. By imposing high tariffs on Chinese products, Trump has, in a way, increased opportunities for Indian manufacturing companies in the US market.
This is beneficial for India.
Indian exporters such as auto parts, solar equipment and chemicals can benefit greatly from this. The United States can also view India as a strategic partner in the defense sector. Indian energy companies may also reap indirect benefits from Trump’s pro-fossil fuel policy.
Because this will bring price stability in the energy sector.
Trump’s pro-business approach may also support India’s financial and cryptocurrency sectors. Financial institutions will benefit from deregulation and this can lead to the growth of the private financial sector. Apart from this, Trump’s positive thinking regarding cryptocurrencies can be good news for this emerging digital asset market, which can provide support to Indian cryptocurrency investors.
It is clear that with the return of Donald Trump, big changes can be seen in industries such as real estate, manufacturing, defense and finance in India. However, sectors such as IT and pharmaceuticals may face challenges.
