Budget 2025: What Gets Cheaper, What Gets Expensive? Check the Complete List

On Saturday, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in Parliament, marking her eighth consecutive budget. The budget includes several key announcements, particularly changes in direct and indirect taxes on various products and services. These changes are expected to make some items cheaper, while others could see price increases due to new tax hikes. Notably, taxes on cancer-related medicines and electric vehicles (EVs) have been reduced.

What Will Become Cheaper?

Leather goods

Electronic products

Mobile phones and mobile batteries

Electric cars

Clothing items

LED TVs

36 cancer-related medicines, which will now be completely tax-free

Several medicines, with customs duties removed

Frozen fish paste, with customs duty reduced from 15% to 5%

Handwoven textiles

Marine products, with customs duty reduced from 30% to 5%