What Happens to Smartphone and Gadget Prices

Nirmala Sitharaman presented the Budget 2026 at the Lok Sabha on Sunday, February 1. At first glance, the recent fiscal changes seem to signal relief for consumers, but the reality is more nuanced.

Minister Sitharaman proposed a Rs. 40,000 crore allocation for electronics manufacturing under the PLI scheme for the 2026-27 financial year. She also announced the development of high-tech tool rooms at two locations to promote capital goods manufacturing and strengthen the electronics ecosystem as a whole.

The suggested changes in could help manufacturers spend less on making electronics and related products, eventually leading to lower prices for some devices. However, these drops will not happen right away and are also not guaranteed yet.