Union Budget 2023: What Gets Expensive And What Gets Cheaper

Union Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2023-24 in Parliament today. Here is a list of what gets cheaper and what's costlier after the announcement of the Union Budget 2023. 

Union Budget What Gets Expensive And What Gets Cheaper

Union Finance Minister Nirmala Sitharaman presented the Union Budget on February 1, 2023 for the fiscal year beginning April 1, 2023. Infrastructure emerged as the topmost priority for the Narendra Modi government as the finance minister said that the budget for 2023-2024 will lay the foundation for economic growth through public investment.

In the past nine years, the Indian economy has grown to be the fifth-largest in the world. Seven priorities, including inclusive and green growth, are adopted in the budget. Nirmala Sitharaman, who presented the budget, also noted that the agriculture target has been increased to ₹202 trillion for 2023-2024. Take a look at the items/goods that will become cheaper and costlier.

What Gets Costlier:-

  • Silver
  • Gold
  • Diamond
  • Platinum
  • Cigarettes
  • Import duty increased on rubber
  • Custom duty increased on kitchen electric chimney

Don't miss:Interesting Facts You Should Know About Indian Budget

What Gets Cheaper:-

  • Mobiles
  • Automobiles
  • Laptops
  • Camera lenses
  • Electronics items
  • Electric vehicles
  • Lithium-ion batteries
  • Customs duty on parts of open cells of TV panels
  • Customs duty relief on kitchen coil.
  • Customs duty on shrimp feed

Don't miss:Budget 2023: 5 Things Women Expect From Finance Minister Nirmala Sitharaman

Nirmala Sitharaman mentioned that the Indian economy is on the right track and has a promising future. She proposed significant changes to the tax slabs under the new tax regime, as well as significant increases for capital spending and the railways, as a boost to the economy and taxpayers. (FM: Budget 2023 Aims At Empowerment Of Women)

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