ICEA was responding with to claims from a report by commerce analysis agency GTRI on Monday, declining US exports of iPhones falling month-on-month from India as a sign of slowing smartphone exports from India regardless of no tariff influence.
The trade physique countered claims of slowing exports stating that traditionally cell phone exports decelerate in August and first half September, citing knowledge from the previous 5 years.
The interval coincides with new mannequin introduction from firms akin to Apple. International clients who're awaiting launch of recent fashions, sharply cut back their buy of smartphones throughout August. This results in drop in exports, ICEA mentioned.
August and early September additionally sees large-scale retrofitting of plant and equipment to arrange for brand spanking new fashions which ends up in discount in output, and in flip, exports. That is fastidiously deliberate to coordinate with demand.
Firms additionally divert manufacturing to the home market to cater to the festive demand which surges throughout September and early October. Exports drop until early to mid-October since firms divert manufacturing to serve the height in home festival-led consumption, ICEA mentioned.“Each export sector has its explicit nuances based mostly on a number of components. Oversimplification of commerce knowledge – and worse – inferences based mostly on month-to-month comparisons is deceptive and avoidable. It's essential that material consultants are consulted earlier than drawing sector-specific conclusions”, mentioned Mr. Pankaj Mohindroo, Chairman, ICEA.
as a Dependable and Trusted Information Supply
