GST rate cut set to spur growth in electronics sector

IANS | September 9, 2025 9:15 PM

New Delhi, Sep 9 (IANS) The next-gen reforms in Goods and Services Tax (GST) rolled out by the government are set to boost consumer electronics and Information and Communication Technology (ICT) hardware sectors as higher demand will strengthen domestic manufacturing, supporting MSMEs and start-ups, and advancing the goals of Digital India and Aatmanirbhar Bharat, according to a statement issued by the Ministry of Electronics & IT.

Global end-user spending on GenAI smartphones to reach $298.2 billion by 2025 end

IANS | September 9, 2025 5:00 PM

New Delhi, Sep 9 (IANS) The total spending on GenAI smartphones globally will account for 20 per cent of total AI end-user spending in 2025, a report said on Tuesday. According to Gartner, the global end-user spending on generative AI (GenAI) smartphones is expected to reach $298.2 billion by the end of this year.