India removes import duty on some electronics, smartphone parts

India has scrapped import duties on some components used to make mobile phones and electronic devices, removing the 7.5% and 5% levies. The change could lower input costs for major manufacturers such as Apple and Xiaomi and support device pricing and volume. Overall, it’s a modestly positive trade/tariff development rather than a market-wide catalyst.

Analysis

India has scrapped import duties on some components used to make mobile phones and electronic devices, removing the 7.5% and 5% levies. The change could lower input costs for major manufacturers such as Apple and Xiaomi and support device pricing and volume. Overall, it’s a modestly positive trade/tariff development rather than a market-wide catalyst.