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flag India's budget cuts taxes and lowers prices on essentials, but raises duties on some textiles.

flag In the 2025 Union Budget, India's Finance Minister Nirmala Sitharaman announced changes affecting consumer prices. flag Items like LED TVs, life-saving drugs, and leather goods will become cheaper due to reduced or exempted customs duties. flag However, prices for flat panel displays and certain knitted fabrics, including T-shirts and dresses, will rise. flag The budget also exempts income up to Rs 12 lakh from tax, aiming to boost household spending. flag Additionally, the government plans to promote manufacturing by reducing customs duties on critical minerals and raw materials for electric vehicle batteries.

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