Today's Tech News Updates- A Loss of 15 Thousand Crores to a Phone Producer

Recent Tech News- Smartphone Industry

There is No Possibility of Much Drop in Demand.

Indian handset production sector has lost about 15 thousand crores due to the Corona epidemic. However as mentioned in the Tech news report, after the lock-down is over, the mobile phone demand is not likely to fall much.

ICEA President Mr. Pankaj Mohindroo said that after April 20, the inclusion of mobile phones in non-essential items will increase the losses. However, after opening lock-down after May 3, the growth can be good.

As per the latest Technology News report, Education is also being done through Smartphones. Hence the demand for entry-level and premium mobile phones may increase.

However, there may be some problems with increasing the rates of GST on the mobile phones. In April, the GST rate on mobile phones was increased from 12% to 18%This can increase the problems of Indian mobile phone manufacturers.