The policy change will enable export-led growth and will make smartphones cheaper, especially in the entry and budget segments
This is an important policy change towards export-led growth, and is expected to help scale up mobile manufacturing in India. Image: Udit Kulshrestha/Bloomberg via Getty Images
Earlier today, the Finance Ministry announced that the import duties on components required for mobile phones have been cut from 15 percent to 10 percent. As noted in the Gazette released by the ministry, the lowered import duty will apply to components such as battery cover, back cover, SIM socket, main lens, side key, among other mechanical items.