iPhone duo: How a $1,999 iPhone in the US costs Rs 3 lakh in India
Apple’s first foldable iPhone, the iPhone Duo, comes with a hefty price premium in India. While the device starts at $1,999 in the US, its India price is Rs 2,99,900 for the 256GB variant. At the current exchange rate, $1,999 works out to about Rs 1.9 lakh. That leaves a gap of around Rs 1.1 lakh between the US sticker price and the India price. How is it possible? The answer is import duty, GST and other charges in the country.Vipin Upadhyay,...