What becomes more expensive and less expensive following Budget 2026. Check entire list

With the release of the Union Budget 2026, Indian consumers are anticipated to pay more for some items and less for others. As finance minister Nirmala Sitharaman delivered the budget in Parliament today, she spoke about specific commodities on which the government is planning to lower customs duty.She added that the government was thinking about decreasing taxes on a few imports from other nations, which would result in lower prices for Indian customers. Finance Minister Nirmala Sitharaman stated during the Budget's presentation in Parliament on Sunday that the Union Budget 2026–27's changes to customs duties will reduce the cost of a number of necessities, such as 17 cancer medications and medications and specialized nutrition used to treat seven uncommon diseases. Duties have also been lowered on microwave oven components, lowering production expenses.

The Budget proposed a range of tariff cuts and tax rationalisations targeted at alleviating costs for consumers, exporters and critical sectors. TCS reduced the price of overseas tour packages from 5–20% to 2% with no minimum. Foreign remittances for education and medical care under LRS: TCS cut to 2% from 5% Microwave ovens: Customs duty exemption on selected manufacturing parts Imports for personal use by foreign visitors: Customs duty was reduced from 20% to 10%.Imports for personal use by foreign visitors: Customs duty was reduced from 20% to 10%. Textile and leather exporters: Export realisation time extended to one year, alleviating working capital constraint Cancer and critical disease medicines: Basic customs duty totally waived on 17 pharmaceuticals Foods, medications, and drugs for specific medical needs pertaining to seven uncommon disorders Imported medications and drugs for individual use Essential Parts of Microwave Ovens Components or parts, including engines of aircraftSolar glass ingredients Goods purchased for nuclear power projects Capital products for essential minerals