Budget 2025: Now only a few days are left for the presence of the general budget. On 1 February, the country’s Finance Minister Nirmala Sitharaman will present the General Budget. The people struggling with inflation are expected to get relief from the budget. Talking about the tech sector, the prices of phone and other electronic products can be reduced. Let us know what expectations this sector has from the budget and whether the burden on their pockets to buy smartphones and other products will be less.
Demand has been demanded to reduce import duty
It is expected that the government can give some relief to the people who buy new smartphones in this budget. Actually, the phone manufacturer had demanded the government to reduce import duty. If the import duty on the device installed in the phone is low, then it means that people will have to pay less money for the phone. In the budget, the government can announce the reduction in import duty.
Other electronic products can also be cheap
Apart from mobile in the budget, other electronic products can also be cheap. Like phone companies, the Indian Cellular and Electronics Association has also made such a demand from the government. Actually, the association wants the government to reduce tax on components in these products. If this demand is accepted, then the prices of many products including smart TV can be reduced.
Expect relief in telecom sector also
Telecom companies are also demanding to reduce import duty and license fees etc. If the government accepts this demand then companies will get relief. She can increase her investment on infrastructure, so that more customers will get better service. In such a situation, the entire country’s eyes are on the budget to be presented on February 1
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