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How Trump's Tariffs Are Crushing Apple's 'Make In India' Dream

India's quest to become a major iPhone manufacturing hub has encountered a significant obstacle. The US has imposed "reciprocal tariffs" on over 180 countries, including India, which has been slapped with a 26% tariff. Although this rate is lower than China's 54% and Vietnam's 46%, Indian officials are still concerned about the impact on the country's electronics manufacturing sector. The US is India's largest trading partner, accounting for 18% of total goods exports. The 26% tariff could severely affect electronics shipments, profitability, and supply chains. Per a Doordarshan news report, Ashok Chandak, President of the Indian Electronics and Semiconductor Association (IESA), stated that the tariff regime poses a significant challenge to India's exports.  “The 26 per cent tariffs imposed by the US present a significant challenge to India's exports... While India is better positioned than many other economies, these tariffs can potentially impa...
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Zerodha's Nithin Kamath Reveals How He Built His Company From Scratch

Zerodha CEO Nithin Kamath on Friday took to Twitter to share his journey of how a successful business can be built without the help of too many external factors. 

Mr Kamath recently received the "Entrepreneur of the Year" award from the Union Finance Minister Nirmala Sitharaman. Later, he took to Twitter to share how he built his company Zerodha, that too without following the norm. 

"No Business Background. No Pedigree education across the team. No VC/PE. No Advertising spending. No Spamming customer. @zerodhaonline is an example that a successful business can be built by not following the norm, by average folks with common sense wanting to solve a problem," Mr Kamath wrote on Twitter.

Take a look below: 

Mr Kamath's brother Nikhil Kamath congratulated him on winning the "Entrepreneur of the Year" award. "Congratulations brother, u deserve this and so much more," he wrote on Twitter.

Ankur Warikoo, a Youtuber and influencer, also extended greetings to Nithin Kamath for receiving the award. He stated that Zerodha's success is critical because it will show the world how this model too can win. 

"I often say this - Zerodha's success is critical because it will show the world how this model too can win. And should win. Congratulations to the entire team," he tweeted. 

Also Read | Jack Dorsey Criticises Elon Musk, Says He Should've Walked Away From Twitter Deal

Sunil Minglani, a stock market psychologist, also said, "Education is overrated, Integrity is underrated. Congrats Nithin". 

"Absolutely agree! It's inspiring to see businesses succeed without conforming to traditional norms. @zerodhaonline is a testament to the power of creativity, determination, and problem-solving. Proof that with hard work, anything is possible," Jayjit Biswas, Founder of Elite Web3Forum tweeted. 

Notably, earlier this year. Nithin and Nikhil Kamath, co-founders of Zerodha, officially joined the Forbes World's Billionaires List for 2023. The CEO of India's largest stockbroking company, Nithin Kamath, ranked 1104 and has an estimated net worth of $2.7 billion. Meanwhile, Nikhil Kamath, Chief Financial Officer of the company, who also owns the financial management company True Beacon, is ranked 2405 on the list with a net worth of $1.1 billion.
 



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