Given below are two statements, one labelled as Assertion (A) and the other as Reason (R). **Assertion (A):** The Union Budget 2024-25 reduced the customs duty on mobile phones, mobile PCBA, and mobile chargers to 15 percent. **Reason (R):** The Indian mobile phone industry has matured, and reducing duties will enhance domestic value addition and export competitiveness. In the context of the above statements, which of the following is correct?

Options:

  • A: Both A and R are true and R is the correct explanation of A.
  • B: Both A and R are true but R is not the correct explanation of A.
  • C: A is true but R is false.
  • D: A is false but R is true.

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