While the Budget has given some benefit to the common man in terms of reducing the threshold limit of personal income tax , it has not really met the demand of the Consumer Electronics industry. Some concessions that have come to the sector have been in the form of CENVAT reduction from 16% to 14%, the reduction in customs duties on convergence products from 10% to 5% and the reduction in duties on project imports from 7.5% to 5%.

However our demand from the Government to support manufacturing of Consumer Electronics in the country by reducing the import duties on raw materials like steel, copper and other inputs as well as removing certain anomalies in terms of duties have not been met. Thus, I do not see the Budget really having any impact on the prices of consumer electronics products.