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Swiss watch industry ‘should find time for India’ – study
October 09, 2025
|The Mercury
INDIA and Mexico could become new drivers of growth for the Swiss watch industry, which has been clobbered by US tariffs and slumping demand in China, top audit firm Deloitte said yesterday.
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The emblematic Swiss industry “is navigating one of the most comple periods in recent memory’, the professional services giant said in the 11th Deloitte Swiss Watch Industry Study.
Watchmaking, the wealthy Alpine country’s third-largest export sector, was rocked when the US - its largest market - imposed 39% tariffs on Swiss products in August.
Exports to mainland China - the other major market for Swiss watch manufacturers = continue to decline, with demand hit by youth unemployment and turbulence in the real estate market.
هذه القصة من طبعة October 09, 2025 من The Mercury.
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