Government Removes Exceptions on Smartphone Parts, May Result in Price Hike
The Indian government, which announced its Budget for the year 2021 made many important announcements, which also included some announcements that would impact the smartphone segment in quite a major way. In an announcement made by Finance Minister Nirmala Sitharaman, the government has decided to remove exemptions on parts of chargers and mobiles in a bid to promote local manufacturing. The new Budget proposes an increase from 0 to 2.5%... Read More
