Reduction in import duty on smartphone parts
The government has reduced the import duty on smartphone parts such as battery covers, plastic and metal components from 15% to 10%.
Make In India Initiative
The government is promoting the manufacturing of smartphones in India, which can reduce the cost.
iPhone demand in India
Due to the high demand for iPhone in India, the government is emphasizing on manufacturing it locally.
Samsung’s Made in India initiative
Samsung will manufacture laptops at its Noida plant, which is likely to reduce laptop prices.
Dell’s manufacturing plant in India
Dell has also established its manufacturing plant in India, which may reduce the prices of laptops.
Price fall forecast
This reduction in import duty is expected to bring down the prices of smartphones.