New Delhi, May 17 -- A recent report by the Global Trade Research Initiative (GTRI) suggests that if Apple CEO Tim Cook decides to relocate manufacturing operations from India to the United States, the company stands to lose more than India would.

According to GTRI founder Ajay Srivastava, while India might lose some low-paying jobs, the country currently earns only about USD 30 per iPhone, much of which is returned to Apple as subsidies under the Production Linked Subsidy scheme.

India has been reducing tariffs on key smartphone components at the request of major companies like Apple, a move that reportedly harms domestic industries attempting to build a local manufacturing ecosystem.

"For every iPhone sold at around USD 1,000 in the ...