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Budget falls short of electronic product makers' expectations

Domestic industry says it encourages imports with all duties such as BCD, CVD, etc being waived off

Gadgets image  via Shutterstock
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Rakesh Rao Mumbai
Budget 2017-18 put a thrust on digital economy on the back of demonetisation and reduce overall corruption in Indian economy. The Indian IT & electronics sector has undergone transformation not only in terms of market size but also electronics hardware manufacturing capabilities have been boosted by government initiatives like Make in India. However, the industry feels that there is nothing concrete for the manufacturers of IT & electronics products in the budget. 

“It’s good to see continued and strong commitment towards increasing technology adoption and usage across critical sectors like education, agriculture, financial inclusion and rural and infrastructure development. That's how