The 2025 Union Budget has brought about several adjustments to customs duties, impacting the prices of a range of goods. A key move is the reduction of import tariffs on high-end motorcycles, a decision likely intended to steer clear of protectionist trade policies. The budget also proposes a significant increase in the foreign direct investment limit for the insurance sector, potentially reaching 100%. Furthermore, it outlines plans for incentives and dedicated funds to bolster startups, small businesses, and the manufacturing sector.
The specific items experiencing price increases and decreases as a result of the budget, examining the potential consequences for both consumers and various industries
Also Read: Indian Union Budget 2025: Expectations, Reality, and What the Middle Class Gets
Union Budget 2025: Costlier Items vs Cheaper Items
| Items Becoming Costlier | Items Becoming Cheaper |
| Flat Panel Displays (TVs, Monitors) | Lifesaving Drugs (36 medicines) |
| Knitted Fabrics | Mobile Phone Components (28 items) |
| Smart Meters | EV Battery Materials (Lithium-ion scrap, cobalt) |
| Solar Cells | Wet Blue Leather |
| Imported Footwear | Marine Products (select seafood) |
| Interactive Flat Panel Displays | Carrier-grade Ethernet Switches |
| Imported Candles & Tapers | (BCD reduced from 20% to 10%, aligning costs with non-carrier-grade switches.) |
| PVC Products (Flex Films, Sheets) | |
| Imported Yachts & Vessels |
ALSO READ: SUMMARY OF UNION BUDGET
