Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, outlining key priorities to accelerate economic growth, ensure inclusive development, support industries, and enhance household sentiment. The budget also emphasized increasing spending power for India’s growing middle class.
“Union Budget 2025-26 with an effort to a. Accelerate growth b. Secure inclusive development c. Invigorate society and industry d. Uplift household sentiment and e. Enhance spending on power of India’s rising middle class,” Sitharaman said while outlining her Budget focus.
Items that have become cheaper :
- Mobile phones: 28 additional goods for mobile phone battery production to come in list of exempted capital goods.
- 36 Lifesaving drugs and medicines to be added to the list of medicines fully exempted from Basic Customs Duty.
- EV batteries
- Wet Blue leather
- Carrier-grade ethernet switches
- 12 Critical minerals
- Open cell
- LED/LCD
- Medical equipments
- Basic Customs Duty exempted on raw materials for manufacturing ships for another 10 years.
- Marine products
- Cobalt products
- Zinc, lithium-ion battery scrap
Items that have become costlier :
- Flat panel display
- Knitted Fabrics
