Why is Xiaomi so cheap even with high specs?

They aren't any longer.

A while ago when Xiaomi hit Indian market they were putting forth telephones with lovely remarkble equipment for the cost. In those days Micromax ruled the market. What they did was purchase telephones from Chinese producers in enormous bunches and rebranded them. They were still path less expensive than Samsung or Sony so individuals got them. Their telephones didn't have a considerable measure in like manner as they didn't have much control over the assembling procedure. They once in a while utilized Qualcomm chips if by any stretch of the imagination. So when Xiaomi first came to Indian market there was no other organization that could run tow to tow with them as far as cost to equipment proportion.

Presently things have changed. There are numerous different brands that match Xiaomi in equipment and cost - Lenovo, Motorola, Huawei.

Where MI is still superior to anything the rest is the sub 10,000 market. They give careful consideration to this section than some other organization and repay the low edge per unit by reliably offering a huge number of units consistently.

I think what I am attempting to state can be summed up with this.

I as of late purchased a Lenovo P2 for 13k. Spec savvy it's relatively like redmi note 4 which is 11k. For the additional 2k I showed signs of improvement show (AMOLED) and a superior battery (5100mah).

2 Years prior when redmi note 3 was propelled there was no telephone that approached it's execution regardless of whether you burned through 3k additional.

3 Years back the opposition was for all intents and purposes non existent. In the event that you were purchasing a financial plan cell phone you were purchasing Xiaomi (or lamenting not purchasing Xiaomi)

My point being that the opposition is making up for lost time and Xiaomi is never again the main decision for spending plan cell phones.

It is as yet one of the better ones