Consumers may have to shell out more money for buying mobile phones as the government has proposed education cess on imported electronic products. The move may push up costs of handsets by up to 8 per cent, especially smartphones that are mostly imported, analysts said.
Greyhound Research CEO Sanchit Vir Gogia said manufacturing is still in nascent stages in India.
“There is hardly any manufacturing that is done in the country. Considering that most handsets are imported and add to that the education cess, we could see prices going up as much as 7-8 per cent,” he added.
To read the Full Article, click here: Economy Lead