Mobile Phone Buyers Rejoice with 15% Duty Cut in Budget 2024

Tuesday, 23 July 2024, 07:23

In the recent Budget 2024 presentation, Finance Minister Nirmala Sitharaman announced a significant 15% duty reduction on mobile phones and accessories, providing relief to consumers. This move aligns with previous budget efforts to decrease costs on various essentials while simultaneously addressing the need for economic growth. The budget aims to strike a balance between supporting consumer demands and stimulating the economy, highlighting the government's commitment to enhancing affordability in the mobile phone sector.
Economictimes
Mobile Phone Buyers Rejoice with 15% Duty Cut in Budget 2024

Overview of the Budget 2024 Announcement

During the budget unveiling for FY25, Finance Minister Nirmala Sitharaman indicated a 15% duty cut on mobile phones and accessories. This reduction aims to facilitate greater accessibility and affordability for consumers.

Context of Previous Budget Decisions

In last year’s budget session, there were price reductions on crucial items like smartphones, TVs, and certain food products, demonstrating a continued focus on lowering consumer costs.

Balancing Economic Growth and Consumer Needs

The current budget not only addresses mobile phone duties but also includes adjustments on a range of commodities. The government seeks to promote economic growth while fulfilling the essential consumer demands.

Conclusion

With the 15% duty cut on mobile phones, the 2024 budget provides critical support for consumers in an evolving economic landscape, promising better affordability as the government continues its efforts to cater to the needs of the public.


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.


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