Current Affairs 11 July 2026

In short

  • India scraps import duties on key smartphone and electronics parts
  • India’s consumer inflation in June likely breached RBI’s 4% target, Reuters poll indicates

…and 10 more stories on SOCIAL, ECONOMY, DEFENCE, SPORTS.

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ECONOMY

India scraps import duties on key smartphone and electronics parts

The Government of India has removed import duties on several components used in manufacturing mobile phones and other electronic devices, eliminating existing levies of 7.5% and 5% on these parts.[2] The measure is aimed at lowering input costs for device manufacturers and strengthening India’s position as a global electronics manufacturing hub.[2] Companies such as Apple and Xiaomi are expected to benefit from the duty cuts, potentially expanding local production and supply chains.[2] The step also aligns with broader production-linked incentive (PLI) schemes designed to attract investment and spur exports in the electronics sector.[2] Reduced duties could make India-made devices more price-competitive in domestic and international markets.[2] The move comes amid global supply chain realignments and India’s efforts to draw more foreign direct investment into high-tech manufacturing.[2] Policy watchers will track whether the duty waiver translates into lower prices for consumers and increased employment in the electronics industry.[2]

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The recent removal of 7.5% and 5% import duties by India primarily applies to which sector?

ECONOMY

India’s consumer inflation in June likely breached RBI’s 4% target, Reuters poll indicates

A Reuters poll suggests that India’s consumer inflation in June probably rose above the Reserve Bank of India’s medium-term target of 4% for the first time in 16 months.[2] The expected uptick is attributed to higher food and fuel prices, the impact of global geopolitical tensions including the U.S.–Iran war, and a weak monsoon.[2] If realized, this could constrain the RBI’s room to cut policy rates or provide additional monetary stimulus.[2] Persistent inflationary pressures may affect household consumption and real incomes, especially among lower-income groups.[2] The poll reflects concern among economists about the balance between growth support and price stability.[2] Elevated inflation can also impact government borrowing costs and fiscal management.[2] Official CPI data will confirm whether inflation has indeed breached the target band and for how long the overshoot may persist.[2]

Try the question

The Reserve Bank of India’s stated medium-term target for consumer inflation is closest to which level?

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