Following Budget 2025, several items have become more affordable due to reduction in duties. This includes price reduction on mobile phones and accessories as a result of duty exemption on 28 components used in battery manufacturing.
Reduced tariffs on EV batteries, lithium-ion battery scrap, and cobalt will foster the expansion of EV production in India.
Basic customs duty has been waived for 36 essential medicines, including those used in cancer treatment. Additionally, duties on several medical devices and equipment have been lowered to make healthcare products more affordable.
The following items have become more expensive. Interactive Screens: Budget has imposed increased custom duties on interactive screens, making them more expensive for both businesses and consumers.
Tariffs on knitted fabrics have been increased, and these are driving up costs for the textile industry, particularly in the production of clothing and apparel. This is intended to enhance domestic textile manufacturing and encourage the development of technical textiles.
