New Delhi, 01 February 2026: Finance Minister Nirmala Sitharaman has presented the budget in the Lok Sabha. During the budget speech, he had said that the government’s policies have provided a strong foundation for 7 percent economic growth. Additionally, these policies have also played a major role in poverty reduction. He also clarified that India now needs more coordination with the global market, hence major changes are being made in the production sector. Apart from this, the Finance Minister has also given a big gift to the tech sector in the budget this time, due to which it is being said that smartphones and tablets can also become cheaper.

How will smartphones and tablets become cheaper?

In fact, the government has made many important announcements to electronics production in the budget to give a big boost to Make in India. As a result, there may be a decline in the prices of smartphones and tablets produced in India. Additionally, the production of smartphones and tablets produced in Indian factories will also increase, and as local production strengthens, consumers will be able to access more affordable devices.

Additionally, foreign companies will also benefit from increasing production in India. This important step will not only make expensive gadgets available to Indian consumers at affordable prices, but will also help in achieving the country’s goal of becoming an electronics hub.

Discounts on Lithium-Ion Battery Components

In this budget, relief in import duty on many components used in the production of lithium-ion batteries has also been announced. This is expected to reduce battery costs. Apart from this, the overall price of smartphones and tablets may also reduce.

It is now expected that the production of electric gadgets will become cheaper and faster. Let us tell you that smartphone companies consider batteries as one of the most expensive components, in such a situation this discount can have a direct impact on their price.

Read more: Budget 2026: What became cheaper and what became expensive? Finance Minister announced