Key Highlights of the 2024 Technology Budget for IT and Electronics
Tuesday, 23 July 2024, 10:40
Overview of the 2024 Technology Budget
In the recently announced budget, FM Sitharaman has outlined several important initiatives for the IT and electronics sectors.
Key Measures to Boost the Sector
- Reduction of customs duties on mobile phones.
- Cut in duties for PCBAs.
- Implementation set for July 24, 2024.
Impact on Domestic Manufacturers
The budget measures are designed to enhance competitiveness and promote value addition in manufacturing.
Conclusion
Overall, these steps by the finance minister are anticipated to significantly support the growth of the IT and electronics sectors in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.