Nirmala Sitharaman, the Finance Minister of India, while presenting the Union Budget 2025-26, announced the reduced import duties on key components used in smartphones and Smart LED TVs. This will reduce the overall price for Smart LED TVs and smartphones in the country. On the other hand, the flat screen TVs will be costlier, as per the new budget.
This Union budget’s move aims at boosting local manufacturing and making these electronic products more affordable for Indian consumers. The government’s initiative is expected to lower prices, encourage domestic production, and strengthen India’s position as a global electronics manufacturing hub.
This announcement has created a buzz in the tech industry, especially for those planning to buy smartphones, smart TVs, and home appliances. As part of the Modi Government 3.0's first budget, the decision to cut customs duty on mobile phones is expected to reduce the prices of domestically manufactured smartphones. This means customers will no longer have to pay a premium for smartphones made in India.
Additionally, lithium-ion battery manufacturers have also been given relief in the budget, with 28 new capital goods proposed for mobile phone battery manufacturing and 35 for electric vehicle (EV) battery production. This move aims to boost local production and reduce dependence on imports, further driving down prices.
In a related announcement, the import duty on smart TVs with LED and LCDs has also been cut, which will directly benefit consumers looking to purchase these home entertainment devices.
Sitharaman also highlighted plans to connect government schools and hospitals to the Internet, enhancing digital access for essential public services.
This Budget 2025 is expected to give a much-needed price relief to Indian consumers, making smartphones and smart TVs more affordable while promoting local manufacturing.
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Nirmala Sitharaman, the Finance Minister of India, while presenting the Union Budget 2025-26, announced the reduced import duties on key components used in smartphones and Smart LED TVs. This will reduce the overall price for Smart LED TVs and smartphones in the country. On the other hand, the flat screen TVs will be costlier, as per the new budget.