The curbs imposed on the import of colour televisions (TVs) into India are unlikely to significantly impact prices in the short run.
"Depends on the extent of local manufacturing. Some if it is being manufactured locally and some are being imported. So in the short run, there could be a slight price impact," said Rajat Kathuria, Director and Chief Executive, Indian Council for Research on International Economic Relations (ICRIER).
On July 30, the government restricted import of colour TVs in a move that is being viewed as a move to boost domestic manufacturing and reduce inbound shipments of non-essential items from countries like China.
In FY20, TVs imported into India stood at $781 million. Of this, $428 million was from Vietnam and $293 million was from China. This includes a number of relatively unknown brands as well as known brands like Xiaomi’s Mi TV range, Samsung’s LED TVs and more.