Union Budget 2025 Technology Sector: Today, i.e., on February 1, Budget 2025 is going to start. In such a situation, many changes are expected. Because of the way the world of technology has changed in the last two years. As India moves towards Digital India, the technology of 5G has changed. Apart from this, the advent of AI has also made many tasks easier for people.
Due to which the use of gadgets has also increased a lot compared to previous years. At the same time, what can be presented in the technology sector in the 11th budget by Finance Minister Nirmala Sitharaman, and what was presented in Budget 2024? Let’s find out the details.
Big relief for smartphones
During the financial year 2024-25, Finance Minister Nirmala Sitharaman made a big announcement regarding smartphones in the technology sector: mobile phone manufacturing will be promoted.
At the same time, it was announced to make the phone cheaper in the budget. The basic customs duty on mobile chargers, mobile printed circuit design assembly (PCDA), and mobile phones was reduced. The consumers are benefitting from it.
At the same time, from the financial year 2025-26, it is expected that they can make the phone more affordable by reducing the basic customs duty. It is being told that there has been a demand from the smartphone companies to reduce the import duty, which the government can consider and make the phone even cheaper.
Other electronic products are also expected to be cheaper.
In Budget 2024, the government had also made some electronic products expensive. But now there is a demand from the Indian Cellular and Electronics Association that the tax on electronic products should be reduced.
Now if the government accepts this demand, then not only smartphones but also smart TVs and other products can be cheaper. Along with smartphones, TVs, and other electronic products becoming cheaper, you can also get relief in the telecom sector.
In fact, telecom companies are also demanding a reduction in license fees, including import duty, which, if the government accepts, then you customers will benefit.