How the 2025 Budget Impacts Your Wallet: Full List of Price Changes

 Comprehensive List of Items Becoming Cheaper and Costlier

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26, highlighting key priorities to drive economic growth, promote inclusive development, support industries, and boost household confidence. The budget also focuses on enhancing the spending capacity of India's expanding middle class.

Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 with a focus on:

a. Accelerating economic growth
b. Ensuring inclusive development
c. Strengthening society and industry
d. Enhancing household sentiment
e. Increasing spending power for India’s expanding middle class

What’s Getting Cheaper?

Sitharaman announced customs duty cuts on several essential items, making the following goods more affordable:

• Mobile Phones
• Lifesaving Drugs & Medicines (for cancer, rare, and severe chronic diseases)
• EV Batteries
• Marine & Cobalt Products
• Frozen Fish Paste (Surimi)
• Wet Blue Leather
• Carrier-grade Ethernet Switches
• 12 Critical Minerals
• Open Cells for LCD/LED TVs
• Raw Materials for Ship Manufacturing (exempted from customs duty for another 10 years)
• Scrap of Lithium-ion Batteries, Lead, Zinc, and Other Critical Minerals
• Imported Cars (priced over $40,000 or with engine capacity over 3,000cc)
• Imported Motorcycles (CBU with engine ≤1600cc, SKD with engine ≤1600cc, CKD with engine ≥1600cc)
• Transport Vehicles for 10+ Persons
• Parts of Electronic Toys
• Synthetic Flavoring Essences & Mixtures (used in food and beverage industries)
• Jewelry Articles, Goldsmiths’ & Silversmiths’ Wares

What’s Getting Costlier?

Due to an increase in basic customs duties, the following items will now be more expensive:

• Smart Meters
• Solar Cells
• Imported Footwear
• Imported Candles & Tapers
• Imported Yachts & Vessels
• PVC Flex Films, Sheets & Banners
• Certain Imported Knitted Fabrics
• Interactive Flat Panel Displays (fully built imported units)

This budget comes amid a projected decline in GDP growth to 6.4%, the lowest in four years, aligning with its decadal average.