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⚡GST Hike Amid COVID-19, Economic Slump to Derail Mobile Industry

By IANS

Mobile manufacturing had shown excellent results where the industry had increased production 5X and revenues 10X from 58 million units valued at Rs 18,900 crore in 2014-15 to 290 million units valued at Rs 1,81,200 crore in 2018-19. The government revenues post GST had doubled from Rs 10,900 crore to Rs 20,700 crore within two years.

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