Union Nirmala Sitharaman presented India’s annual budget and PM Modi regime’s second last before the bell of the 2024 Lok Sabha election rings in. Calling it the first budget of “Amritkal”, the FM marked the Indian economy’s journey towards a progressive front saying the future of India’s growth story is bright.
The budget has brought a huge relief for the middle class and alongside increasing the limit of tax deduction Nirmala Sitharaman brought in a set of major announcements intended to provide big support for women and other working class of the society. But as other budgets which stand customary, this gets costlier and cheaper post the budget’s announcement, presenting to you the same for this.
Here is a complete list of items that are set to be affected by the enforcement of the budget and got cheaper/costlier:
What will get cheaper:
• Mobile phones and TV sets manufactured in India
• Denatured ethyl alcohol
• Acid grade fluorspar
• Shrimp feed
• Lab-grown diamonds
• Fish lipid oil used in manufacturing aquatic feed
• Machinery for manufacturing lithium-ion cells to be used in electric vehicles
• Raw materials for the manufacture of the CRGO Steel, ferrous scrap and nickel cathode
Budget 2023 Highlights: Tax Slab change, Key announcements for start-ups, farming, women and more
What will get costlier:
• Fully imported cars, including electric vehicles (EV)
• Kitchen chimney
• Imported bicycles and toys
• Articles made of gold, platinum
• Imitation Jewellery
• Silver doors, bars, articles
• Copper scrap
• Compounded rubber
• Cigarettes
Earlier on Tuesday, the Union FM Sitharaman tabled the Economic Survey for the Financial Year 2022-23 in the Lok Sabha, stating that the economic recovery of India from the Covid-19 pandemic is complete and the economy is expected to grow in the range of 6 to 6.8% and in the coming financial year 2023-24. This is in comparison to the estimated 7% this fiscal and 8.7% in 2021-22.