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Top headlines: Apple creates new jobs, India's derivate bond trade at risk

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Photo: Bloomberg

BS Web Team New Delhi
PLI scheme boost: Apple creates 100,000 new direct jobs in 19 months

Apple has become the single largest creator of blue collar jobs in the electronics sector after having generated 100,000 new direct jobs in the past 19 months.    

They have been created by Apple’s key vendors in India and their ecosystem of component suppliers who help in the manufacture of iPhones under the government’s smartphone Production Linked Incentive (PLI) scheme.

The vast majority of these new jobs have been created in the 19 months since the PLI scheme came into effect in August 2021.  Read