India is currently the fastest growing smartphone market in the world. The upcoming Union Budget should support the growth of this industry by smoothening of GST (from 12% to 5%) and offering tax reductions, especially towards the budget category as it will make mobiles much more affordable for the consumers. There is an enormous scope for India to strengthen its manufacturing capabilities and create a self-sufficient eco-system for component manufacturing. The incentives provided by the government will help build India as a manufacturing hub, complete the mobile supply chain and further support the ‘Make in India’ vision.
@Technuter.com News Service