Mobile phone makers seek 13% GST cut amid demand dip, rising memory prices ...Middle East

Mobile phone industry body ICEA has written to the government seeking a reduction in GST on mobile phones to 5 per cent from the current 18 per cent amid a decline in domestic demand, especially due to rising memory chip prices. India Cellular and Electronics Association (ICEA) in a letter to Finance Minister Nirmala Sitharaman dated September 2 said India is now the world's second-largest mobile-phone manufacturer by volume, and mobile phones became the country's largest export product in FY 2025-26. The industry body, which represents the majority of mobile phone manufacturers, said domestic demand, however, has not kept pace with manufacturing and exports, as handset consumption has declined, replacement cycles have lengthened and the affordable smartphone segment remains under pressure. "This imbalance will constrain the next phase of manufacturing growth unless India restores momentum in its domestic market. ICEA therefore seeks the Government's intervention to reduce GST on ..

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