Smartphone prices in India have surged up to 40% due to geopolitical tensions and chip shortages, pricing essential devices out of reach for millions.

Smartphone prices in India have surged up to 40% due to geopolitical tensions and chip shortages, pricing essential devices out of reach for millions. Unlike ordinary consumer goods, smartphones are now critical infrastructure for internet access, digital payments, and government services like Aadhaar verification. As AI adoption depends on smartphone affordability across India's income levels, policymakers must act. While the government subsidizes manufacturer production, buyers still face an 18% GST burden. Reducing the GST rate to 5% could make these vital devices more accessible and revive a struggling market. Smartphones are no longer luxury items but tickets to better livelihoods and economic opportunity for India's population.