Camera and other things became cheaper
Buying LED TV will be cheaper
The government has reduced the import duty on LED TV panels by 2.5 percent. Due to which the price of smart TV is expected to come down. TV manufacturing has been demanding a reduction in import duty on smart TV panels for a long time. Let us tell you that after the entry of OTT, there has been a huge increase in the demand for smart TVs in India.
China will be left behind
According to the Economic Survey 2022-23 report, smartphone manufacturing was 60 million in the year 2014-15, which has increased to 310 million in the year 2021-22. According to these figures, India is a big market for smartphones, which can leave behind China in the coming days. The Modi government also wants to develop India as a smartphone manufacturing hub. In such a situation, the change in custom duty is being linked to this command.