In TrendsCrude Oil PricesGanesh Chaturthi 2026NSE IPOBRICS SummitMobile phone makers seek 13% GST cut amid dip in demand, rising memory pricesIndia 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.By PTI September 14, 2026, 7:45:55 PM IST (Published)Mobile phone industry body ICEA has written to the government seeking a reduction in GST on mobile phones to 5% from the current 18% 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.ALSO READ | India makes millions of phones. Now it wants to make more of what goes into them”This…
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