Xiaomi India Expects Surge in Smartphone Demand Following Budget 2024
Tuesday, 23 July 2024, 13:13
Xiaomi India Anticipates Smartphone Demand Surge
Xiaomi India has welcomed the Budget 2024 announcement regarding the reduction of Basic Customs Duty (BCD) on mobile devices, PCBA, and chargers.
Key Points from the Announcement
- The reduction in BCD aims at making smartphones more affordable.
- Xiaomi's President states that this will lead to an increase in consumer accessibility.
- The demand for smartphones is expected to rebound following these fiscal measures.
Conclusion
With the announcement, Xiaomi India is optimistic about a significant rise in smartphone demand, highlighting the positive impact of Budget 2024 on the tech industry.
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.