Finance Minister Nirmala Sitharaman has announced the General Budget for the financial year 2022-23. In which there is a lot of emphasis on Digital India along with the farmer and the villagers. But talking about the expert, some issues have been missed in the budget. Avneet Singh Marwah, Thomson's CEO at SPPL India, has told the media that it was just like the budget announcements and slogans, I wonder how the FM has missed out on health and education, which are the 2 main pillars of the economy despite the pandemic.
No exemption in GST tax slabs: In the Budget, Finance Minister Nirmala Sitharaman has also talked about consumer electronics on the one hand, how the electronics industry has contributed even Rs 1 trillion to the economy. On the other hand, no major announcement has been made in the Union Budget 2022 for the consumer electronics industry. Also, no roadmap has been provided by Finance Minister Nirmala Sitharaman. Despite the recovery of over Rs 1 lakh crore on the basis of MoM, the government should also be assured to reduce the GST tax slab from 28% to 18%.
5G expected to boost smart TVs sales: The Finance Minister has announced in the Budget that the process of 5G auction is going to be completed this year. In such a situation, 5G network is also expected to be available in India soon. In such a situation, Avneet says that 5G is going to be launched this year , it can have a direct impact on the sale of TV. Due to the same reduction in import duty, the smartphone industry can also see growth in the coming days. As consumers upgrade to smart TVs and they are going to have better content quality. The government has talked about connecting 80 lakh affordable households, which is also going to benefit the consumer electronics industry.
The great feature of voice over is going to be available in Youtube soon
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