Cancer drugs, seafood, EV batteries and sports equipment are among products that are likely to get cheaper while alcohol and tobacco products may cost you more as per Union Finance Minister Nirmala Sitharaman’sUnion
Budget 2026.
Incentive for MSMEs, and tariff-sensitive sectors, like gems and jewellery, ready-made garments and leather were some of the top consumer-focussed budget expectations. Funding for exploration and processing of critical minerals such as lithium, cobalt and rare earth magnets also topped the budget wishlist.
What Gets Cheaper?
- 17 cancer drugs
- Some diabetes medications
- Seafood
- Overseas tourism packages
- Foreign education expenses
- Leather products
- Smartphones
- EV batteries
- Solar panels
- Microwave ovens
- Sports equipment
- Lithium battery components
- Civilian training and other aircraft parts
- Goods imported for nuclear power projects
What Gets Costlier?
- Alcohol
- Tobacco products like cigarettes and pan masala
- Misreporting income tax
- Non-disclosure of movable assets
- Stock options and futures trading
As clarity and details emerge of the changes in duties and taxes, News18 will update the lists of what gets dearer and what gets cheaper for Indian consumers.
Stay tuned for updates…
