Tech industry cheers budget 2024 for mobile tax cuts, but TV brands feel neglected

In a noteworthy move to stimulate India’s electronics sector, Finance Minister Nirmala Sitharaman unveiled the 2024 Union Budget with a focus on reducing the Basic Customs Duty (BCD) on mobile phones, mobile printed circuit board assemblies (PCBA), and chargers. The new budget slashes the BCD by up to 15 percent, aiming to make smartphones more affordable and bolster local manufacturing.