Garvita OdiaNew Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 in Parliament on Saturday, outlining key policy measures that are set to directly impact household expenses and consumer prices across India.
Items Expected to Get Cheaper After Budget 2026
The following categories may see price reductions due to lower customs duties or tariff rationalisation:
Textile garments
Personal-use imported goods
Overseas tour packages
Lithium-ion cells used in batteries
Solar glass
Leather goods, including footwear
Critical minerals
Biogas-blended compressed natural gas (CNG)
Aircraft manufacturing components
Seafood products
Microwave ovens
Foreign education expenses
17 essential cancer drugs
Drugs, medicines, and Food for Special Medical Purposes (FSMP) for seven rare diseases
Items Likely to Become Costlier
The Budget also proposes higher duties and taxes on certain items and activities, which could lead to increased costs:
Alcoholic beverages
Cigarettes and tobacco products
Components used in nuclear power projects
Minerals including iron ore and coal
Penalties related to misreporting of income tax
Stock options and futures trading (due to a hike in Securities Transaction Tax)
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