The government has removed important duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman Announced in the Annual Budget on Satur Fiting firms such as apple and xiaomi.
India’s Electronics Production has more than doubled in the last six years to $ 115 billion (roughly Rs. 99,41,100 Crore) in 2024, with the Country No. R.
Apple Led the India Smartphone Market with a 23% Share in Total Revenue during 2024, Followed by Samsung at 22%, According to Research Firm Countterpoint.
The list included components for mobile phone assembly such as printed Circuit Board Assembly, Parts of Camera Modules, and UsB Cables, Who Taxed at 2.5% Earlier.
The cuts will help India better copter copter copy with a potentially disruptive year of global trade due to us President Donald Trump’s Tariff Threat.
As Trump Hopes for his “America First” Policies to Lure More Manufacturing Units Back IS, India is seeking to take advantage of us-china trade tensions to increase to increase its and wise.
Internally, India’s iT Ministry Had Warned IT RISKS LOT to China and Vietnam in the Smartphone Exports Race Race If it was to not lower tariffs to lore tariffs to lover global companies, reversited lastheds.
Sitharaman, in her budget last year, had announced a review of the nation’s customs duty rate structure to rationalize and simplife tariffs for ease of trade.
The duty review also aimed at removing the so-called inverted duty structures or instals where tarifs on raw materials or intermediate goodies are highly than the Final Products The Final Products.
India’s Complicated Tariff Structure is often cited as a deterrent for efficient local production and a cause of disputes.
“The Union Budget 2025 Brings Good News for the Industry, Including The Consumer Electronics Manufacturing Sector. New Reductions on BCD for Important Components Means Means THE PARTS SUTS S will Rise, “CountterPoint Research Director Tarun Pathak Told Gadgets 360.
“The Government’s Revision of Basic Customs Duty (BCD) Will Bolser Domestic Manufacturing, Bringing Us Closer to Prime Minister Narendra Modi ‘Ambitious $ 500 Billion (route S manufacturing target. The Increase in BCD on Interactive Flat Panels from 10 Percent to 20 Percent, Combined with the Reduction on Open Cell and Other LCD/LED Componants to 5 Percent, is a forward-thinking policy movie that will provide a significant boost to domestic Said Prabhu Ram, VP – Industry Research Group (IRG), Cybermedia Research.
© Thomson Reuters 2025
6
