💨 Abstract
India has removed import duties on key components for mobile phone production, as announced in the annual budget by Finance Minister Nirmala Sitharaman. This move is aimed at boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has doubled to $115 billion in 2024, making it the world's second-largest mobile phone manufacturer.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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