Last week, emerging market bonds increased by 1.1%, while corporate bonds rose by 1.0%. The Indian government announced significant progress in the trade agreement negotiations between the U.S. and India, projecting that the bilateral goods trade total will reach approximately $129 billion in 2024, with India's trade surplus with the U.S. around $45.7 billion. In February, Indian Prime Minister committed to raising the bilateral trade volume to $500 billion by 2030 and expanding purchases of military equipment, crude oil, and liquefied natural gas from the U.S.

According to Prudential Investment, Apple is planning to increase its iPhone production in India by about 10% by the end of this year. This indicates that despite challenges from China's ban on exporting production equipment to India, Apple continues to expand its investments in the region. This highlights the importance of supply chain diversification in light of geopolitical and economic changes. Market rumors suggest that Apple's long-term goal is to shift as much as 50% of iPhone production out of China.