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Fastest manufacturing growth in 50 years? Apple’s India business surpasses Rs 2 lakh crore; tech giant India’s largest global value chain

In FY24, Apple’s India business grew beyond Rs 2 lakh crore due to increased iPhone production and strong sales of other products. The company’s shift of part of its supply chain from China and the introduction of India’s production-linked incentive scheme were significant factors in this expansion.

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