The finance minister of India, Finance Minister Nirmala Sitharaman has introduced the union budget 2025-26. The budget targets economic growth and middle-class welfare through local manufacturing support but the altered import duties will result in a mix of cheaper and more expensive products. This blog explains exactly which products will become less expensive and which ones will rise in price.
What Is Union Budget 2025?
. What is the union budget 2025? It is the usual question that may simply come to your head.
Actually, the Central Government of India introduces the Union budget every year. The main objective behind introducing a union budget is to provide facilities to common people. Government always tries to create a budget that helps in the development of the country.
If you want to know what to expect from union budget 2025, you need to know the objectives of union budget 2025. Finance Minister Nirmala Sitharaman comes with a union budget for the year 2025-26, which is helpful for both industries and common people.
Being a layman, you would surely like to know about things that may get costlier or cheaper after the budget 2025-26. So, let’s keep unlocking this post to learn more about the 2025 union budget India.
What Get Costlier, Cheaper after Union Budget 2025-26?
Usually, people in India want to know about the list of items or industries that could be costlier or cheaper after a central government budget. The same situation is also present after the introduction of the Union budget 2025.
Obviously, you too want to know about what gets costlier or cheaper after the budget 2025-26. For this, you need to go through a list of costlier as well as cheaper items.
What Has Become Cheaper?
Let’s start with the things that have become cheaper after the introduction of the union budget in 2025. The most common thing we look into is what are the things that are becoming cheaper.
But before that, let’s understand why do things get cheaper after a budget? Actually, the government simply reduces the duties or other taxation from specific industries or production of items. Since the government reduces the taxes and import duties, it has become easier for industries to sell their items at cheaper prices.
The overall success of a budget is largely decided by the things that get cheaper. Most of the common individuals in India have only interest in knowing about the things, items, or industries that may get cheaper after a union budget.
Let’s go through a list of items that could be cheaper after the 2025 budget.
1 – Mobile Components and Goods
When it comes to knowing about how things get cheaper after the Union budget 2025-26, mobile goods and components are the most talked about things.
This time, the central government of India has exempted 28 items from duties. This budget also supports the local manufacturing industries. That’s why mobile battery manufacturing units will surely get great benefit out of this budget.
What to expect from the union budget 2025, you need to expect that the prices for mobile phones and accessories could be cheaper.
2 – LCD/LED TVs
This budget provides special reduction in several duties on open cells as well as various other necessary components. It means that you will be able to buy LED/LCD TVs at cheaper prices.
3 – EV Batteries & Related Components
The Union budget 2025-26 has come as the best hope for EV batteries manufacturing industry. Since the government has reduced the duties of lithium-ion battery components, it makes EV batteries and related components really cheaper.
This budget has brought great news for electric vehicle manufacturing companies. Now, you can expect that you can buy electric vehicles at cheaper prices.
4 – Life-Saving Drugs and Medical Equipment
The 2025 union budget brings happiness for common people as it exempts about 36 critical life-saving medicines such as cancer drugs from BCD (Basic Custom Duty).
Apart from medicines, this budget also exempts the duties from various medical components.
5 – Raw Materials for Shipbuilding and Leather
Union budget 2025 reduces the import duties on raw materials and blue leather. This way, it’s going to benefit the shipbuilding and leather industry.
6 – Marine and Agriculture Products
What to expect from the union budget 2025 in terms of agriculture and marine products? The best thing about the union budget 2025 is that it brings tons of benefits for marine and agriculture products.
Import duty reductions especially on frozen fish paste is going to help seafood import easier and more affordable than ever before.
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So, What Has Become Costlier?
What is the union budget 2025? When it comes to answering this question, you also need to know about what’s becoming costlier. So, it’s really important to know products or industries, which are going to be influenced by the Union budget 2025-26.
Let’s learn more about what may become costlier.
1 – Electronics & Displays
There is bad news for businessmen and educators who use interactive displays. Union budget brings additional duties on interactive flat panels or displays.
Government has increased the duty on interactive flat displays from 10% to 20%. Obviously, this hike will become the key cause behind increasing prices of interactive flat panels.
2 – Textile & Apparel
The 2025 union budget comes with additional custom duties on knitted fabrics. It is going to make textile as well as apparel more expensive.
The key reason behind increasing the import duty on knitted fabrics is to support domestic manufacturing units in the same industry. This decision is going to enhance the opportunities for the domestic textile industry.
Last Words On Union Budget 2025
Now, you would like to confirm whether the 2025 union budget is good or not for common people. The Government of India always put great effort in making a reasonable and growth-oriented budget, but still there could be various issues in the same.
So, when it comes to deciding whether a specific union budget is good for common people or not, it’s important to take things practically. The Government of India always focuses on growth and development of the country. That’s why it introduces a budget that brings positive opportunities for everyone in the country. Let us know your thoughts on this.
