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Consumer electronics manufacturers on Thursday said that the prolonged Russia-Ukraine war and China lockdowns will result in significant price hike in the prices of electronic goods by up to 7-10 per cent next month.
Cost of TVs, ACs, other electronic goods set for a significant rise - Avneet Singh Marwah, CEO of Super Plastronics Pvt. Ltd, said that there has been a double impact on industry by Russia-Ukraine war and lockdowns China
The budget session will start on January 31, with Finance Minister Nirmala Sitharaman presenting the annual budget on February 1.
An all-round price hike is unfolding in the new year; from daily essentials like detergents and biscuits to discretionary items like SUVs and air conditioners - all are set to get dearer.
Amid the renewed thrust on local manufacturing, India must take a lead in manufacturing of semiconductors and display panels to safeguard its economy and livelihoods against the global competition especially from China, Avneet Singh Marwah, ...