Tech/Consumer products

Finance Minister Nirmala Sitharaman's upcoming budget is anticipated to address key industry expectations, particularly from the gaming, esports, and consumer electronics sectors. Stakeholders are seeking policy support for sustainable growth, global competitiveness, and domestic value addition, with a focus on component manufacturing and creator economy development.

Indian mobile companies, citing China's export curbs, are urging the government to slash import duties on components like PCBs and wearables. They seek reduced tariffs on capital goods and machinery for mobile and battery manufacturing to lower production costs and boost domestic capacity. This move aims to enhance India's self-reliance and export competitiveness.