Retail will contribute fewer jobs and will be mostly concentrated in manufacturing.
Apple’s expanded investment in India could create about 120,000 jobs in the next financial year, of which 40,000 will be direct manufacturing jobs and 80,000 indirect jobs, according to Economic Times. reported on March 11, citing a staffing agency.
According to the report, retail employment will decline and most will be concentrated in manufacturing.
By fiscal year 2026, that figure is expected to rise to at least 300,000 new jobs, about a third of them directly and another 200,000 indirectly, according to the report.
“We are already seeing an increase in demand[by Apple contractors in India]on the manufacturing side. There will be jobs,” Kartik Narayan, CEO of TeamLease Services, told the magazine.
Notably, Apple reportedly became the single largest job creator in the electronics sector after creating 1 million direct jobs in the last 19 months.
Foxconn Hon Hai, based in Tamil Nadu, has created more than 35,500, or more than a third, of the million jobs that make iPhones alone.
Pegatron, also in Tamil Nadu, just started production this financial year and has become the second largest employer with 14,000 jobs. Wistron in Karnataka has created 12,800 jobs.
In addition to boosting manufacturing, the company is restructuring its international operations to focus more on India, according to people familiar with the matter.
The company posted record sales in India last quarter, despite a 5% decline in total sales. Apple has created an online store to serve the region and plans to open its first retail store in the country later this year.