{"id":15686,"date":"2025-02-01T16:40:20","date_gmt":"2025-02-01T11:10:20","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=15686"},"modified":"2026-01-05T13:03:45","modified_gmt":"2026-01-05T07:33:45","slug":"budget-2025-list-of-cheaper-and-costlier-items","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/budget-2025-list-of-cheaper-and-costlier-items\/","title":{"rendered":"Budget 2025: Full List of Cheaper and Costlier Items"},"content":{"rendered":"

The Union Budget 2025-26, presented by Finance Minister <\/span>Nirmala Sitharaman<\/b>, focuses on accelerating economic growth and driving India\u2019s aspirations toward becoming a <\/span>\u2018Viksit Bharat\u2019 (Developed India).<\/b> As part of this vision, the budget introduces key tax revisions that make certain essential goods more affordable while increasing duties on others. Items like life-saving drugs, EV batteries, and renewable energy components are set to become cheaper, while electronics and textiles may see a price hike. Here\u2019s a detailed breakdown of what\u2019s getting cheaper and costlier this year.<\/span><\/p>\n

\"BudgetThings Becoming Cheaper As per Union Budget 2025-26 Announcements<\/b><\/h2>\n

The Union Budget 2025-26<\/a> has introduced several tax cuts and exemptions to make essential goods and emerging technologies more affordable. Here\u2019s a breakdown of what\u2019s getting cheaper:<\/span><\/p>\n

1. Medicines & Medical Equipment<\/span><\/h3>\n
    \n
  • 36 life-saving cancer drugs<\/b> are now fully exempt from customs duty.<\/span><\/li>\n
  • Six other essential drugs<\/b> will have a reduced <\/span>basic customs duty (BCD) of 5%<\/b>, making healthcare more affordable.<\/span><\/li>\n<\/ul>\n

    2. Critical Minerals & Battery Manufacturing<\/span><\/h3>\n
      \n
    • Exemption on cobalt powder, lithium-ion battery waste, and 12 other critical minerals<\/b> to support battery manufacturing and electric vehicle (EV) production.<\/span><\/li>\n<\/ul>\n

      3. Leather & Textile Industry<\/span><\/h3>\n
        \n
      • BCD exemptions on wet blue and crust leather imports<\/b> to support leather and footwear production.<\/span><\/li>\n
      • New incentives for <\/span>textile sustainability and cotton farming reforms<\/b>.<\/span><\/li>\n
      • This will result in cheaper leather belts, leather shoes, leather jackets<\/span><\/li>\n<\/ul>\n

        4. EVs & Mobile Technology<\/span><\/h3>\n
          \n
        • 35 goods for EV battery manufacturing<\/b> and <\/span>28 goods for mobile phone battery manufacturing<\/b> added to the <\/span>exempted capital goods list<\/b>, reducing costs and promoting domestic production.<\/span><\/li>\n<\/ul>\n

          5. Electronics & Renewable Energy<\/span><\/h3>\n
            \n
          • LCD and LED components<\/b>: BCD on open cells and key components reduced to <\/span>5%<\/b>, lowering the cost of LED and LCD screens.<\/span><\/li>\n
          • Clean energy tech<\/b>: Tax incentives for <\/span>solar PV cells, wind turbines, motors, and batteries<\/b> to boost green energy adoption.<\/span><\/li>\n<\/ul>\n

            6. Marine & Fisheries<\/span><\/h3>\n
              \n
            • Fish pasteur and frozen fish<\/b>: Duties reduced from <\/span>30% to 5%<\/b>, benefiting the seafood industry.<\/span><\/li>\n
            • Fish hydro licences<\/b>: Reduced duties from <\/span>15% to 5%<\/b> to encourage sustainable fishing practices.<\/span><\/li>\n<\/ul>\n

              7. Tourism & Hospitality<\/span><\/h3>\n
                \n
              • Visa-free waivers<\/b> for select countries to boost inbound tourism and travel.<\/span><\/li>\n<\/ul>\n

                8. Shipbuilding Industry<\/span><\/h3>\n
                  \n
                • Raw materials for ship manufacturing<\/b> will be exempt from BCD for the next <\/span>10 years<\/b>, fostering industry growth.<\/span><\/li>\n<\/ul>\n

                  9. Telecom & Digital Infrastructure<\/span><\/h3>\n
                    \n
                  • Carrier-grade Ethernet switches<\/b>: BCD reduced from <\/span>20% to 10%<\/b>, aligning costs with non-carrier-grade switches.<\/span><\/li>\n<\/ul>\n

                    Things Becoming Costlier As per Union Budget 2025-26 Announcements<\/b><\/h2>\n

                    Alongside tax cuts on certain essential items, the Union Budget 2025-26 has also increased duties on select products, making them costlier. Here\u2019s what will see a price hike:<\/span><\/p>\n

                    1. Electronics<\/span><\/h3>\n
                      \n
                    • Flat panel displays<\/b>: <\/span>Basic Customs Duty (BCD) increased from 10% to 20%<\/b>, making TVs, monitors, and similar electronic devices more expensive for consumers.<\/span><\/li>\n<\/ul>\n

                      2. Knitted Fabrics<\/span><\/h3>\n
                        \n
                      • Import duties on knitted fabrics<\/b> have risen from <\/span>10% to 20%<\/b>, leading to higher production costs for textile manufacturers and ultimately increasing clothing prices.<\/span><\/li>\n<\/ul>\n

                        FAQs<\/strong><\/h2>\n

                        1. Which items have become cheaper after Budget 2025?<\/strong><\/h3>\n

                        The budget has reduced duties on essential medicines, renewable energy components, EV batteries, and certain electronics, making them more affordable.<\/p>\n

                        2. Which products are getting costlier in Budget 2025?<\/strong><\/h3>\n

                        Items like flat panel displays and knitted fabrics will see a price hike due to increased customs duties.<\/p>\n

                        3. Why has the government reduced taxes on some items and increased them on others?<\/strong><\/h3>\n

                        The tax revisions aim to promote domestic manufacturing, support key industries, and align with India’s \u2018Viksit Bharat\u2019 development goals.<\/p>\n

                        4. How will the price changes in Budget 2025 affect consumers?<\/strong><\/h3>\n

                        Consumers will benefit from lower prices on essential goods like medicines and EVs, while electronics and textiles may become more expensive.<\/p>\n

                        5. When will these new GST and customs duty changes take effect?<\/strong><\/h3>\n

                        The revised tax rates and duties typically come into effect from April 1, 2025, unless stated otherwise in the budget announcement.<\/p>\n

                        6. Are there any benefits for businesses in Budget 2025?<\/strong><\/h3>\n

                        Yes, sectors like renewable energy, EV manufacturing, and pharmaceuticals will benefit from reduced duties, encouraging growth and investment.<\/p>\n

                        7. How does Budget 2025 impact the electronics industry?<\/strong><\/h3>\n

                        While some electronics like LED components have seen tax cuts, others like flat panel displays will become costlier due to increased duties.<\/p>\n

                        8. What is the government’s focus in Budget 2025?<\/strong><\/h3>\n

                        The budget prioritizes economic growth, infrastructure development, and domestic manufacturing while supporting India’s transition to a developed economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

                        The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, focuses on accelerating economic growth and driving India\u2019s aspirations toward becoming a \u2018Viksit Bharat\u2019 (Developed India). As part of this vision, the budget introduces key tax revisions that make certain essential goods more affordable while increasing duties on others. Items like life-saving drugs, EV batteries,<\/p>\n","protected":false},"author":151156611,"featured_media":16544,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3861],"tags":[4139],"class_list":{"0":"post-15686","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"tag-budget-2025"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/15686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156611"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=15686"}],"version-history":[{"count":1,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/15686\/revisions"}],"predecessor-version":[{"id":15688,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/15686\/revisions\/15688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/16544"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=15686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=15686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=15686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}