Sitharaman's Budget 2025 'listens' to IT ministry's 'warning' on China, Vietnam

2 hours ago 1

Union Budget 2025 announces the removal of import duties on essential mobile phone components. This measure aims to boost domestic production and support the Make in India initiative, benefiting major brands like Samsung, Apple, and Xiaomi. The tariff cuts respond to global trade dynamics and aim to maintain India's position as a leading mobile phone producer.

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