Purchasing power due to the strengthening US dollar has made engineered components imports an attractive buy, according to the Wall Street Journal. Economists expect this purchasing power to last through mid-2023.1
Although purchasing power can be seen across cost competitive countries, China is at a disadvantage from the continuation of import tariffs that have been in place since mid-2018.2 3
Indian manufacturing is an attractive choice for engineered component imports. One US dollar buys 82.31 Indian rupee today, compared to 76.31 Indian rupee just six months ago.4 5 Read the full story here.
Aerostar Manufacturing (www.aerostarmfg.com), IATF certified, is a global manufacturer of engineered components including, but not limited to production CNC machining, assembly, casting, forging, gears, and fabrications. Our global manufacturing networks managed via our headquarters based in the United States as well as our global sourcing offices in Pune and Bengaluru, India allow Aerostar Manufacturing to meet the cost, quality, service, and delivery needs of each of our customers. For more information, please feel free to reach out to us via email at sales@aerostarmfg.com.
