India’s Finance Minister Nirmala Sitharaman presented the Union Budget of FY 2025-26 in Parliament today. This is the first full budget of Prime Minister Narendra Modi’s third term. Many important announcements have been made in this budget which will affect the economy and general public of the country.
In Budget 2025, the government has made tax changes on many goods and services, due to which some things have become cheaper and some expensive. In this article, we will tell you what has become cheap in this budget and what expensive, as well as other important things of the budget.
The main things of Union Budget 2025
| Description | Acquaintance |
| Budget year | 2025-26 |
| Finance minister | Nirmala Sitharaman |
| Gdp growth estimate | 6.3% – 6.8% |
| Focus area | Infrastructure, Digital Economy, Agriculture |
| Changes in tax | Decreased custom duty on many items |
| Health sector | Custom duty discount on 56 medicines |
| Electric vehicle | Ev battery manufacturing encouragement |
| Plans for msmes | Announcement of many new schemes |
What happened cheaper in budget 2025?
In this budget, tax has been reduced on many goods and services, which will make them cheaper. Let’s know what has become cheap:
- Mobile phones and TV: Custom duty has been reduced on mobile phones and TV components, which is expected to reduce their prices.
- Medicines: Custom duty has been reduced on 56 drugs of cancer and other serious diseases. 36 life saving drugs have been completely freed from custom duty.
- Electric Vehicles (EV): Custom duty is exempted on 35 additional capital goods for EV battery manufacture, which can make electric vehicles cheaper.
- Mobile Battery: Custom duty has been exempted on 28 additional capital goods for mobile phone battery manufacture.
- Minerals and metals: Cobalt powder, lithium-ion battery scrap, lead, zinc and 12 other minerals are exempted from custom duty.
What happened expensive in budget 2025?
Although many things have become cheap in the budget, tax has been increased on some items, which can make them expensive. However, in this budget, more things have not been expensive.
Focus on digital economy and innovation
Budget 2025 has given special attention to digital economy and innovation. The government has announced many new initiatives:
- Digital infrastructure: Funds have been allocated to expand 5G network and increase internet connectivity in rural areas.
- AI and Machine Learning: New programs will be launched to promote research and development in the fields of artificial intelligence and machine learning.
- Startup Ecosystem: New tax incentive and funding schemes have been announced to encourage startups.
Agriculture and rural development
Budget 2025 also paid special attention to agriculture and rural development:
- Kisan Credit Card: Kisan Credit Card Scheme will be expanded and more farmers will be covered under it.
- Rural Employment: Wages will be increased under MGNREGA and new employment generation programs will be started.
- Agricultural Infrastructure: Additional funds have been allocated for irrigation facilities, cold storage and food processing units.
Health and Education
Budget 2025 also focused on health and education sector:
- Ayushman Bharat: Ayushman Bharat Scheme will be expanded and more people will be covered under it.
- New Medical College: New medical colleges will be opened across the country so that the shortage of doctors can be overcome.
- Digital education: New platforms and courses will be started to promote online education.
Infrastructure development
Budget 2025 has a big focus on infrastructure development:
- Funds have been allocated for new projects under National Infrastructure Pipeline: NIP.
- Smart Cities: Smart City Mission will be further strengthened and new cities will be included in it.
- Transport: Funds have been allocated for new highways, railway lines and metro projects.
Help for msmes
Special attention has been paid to assisting small and medium enterprises in Budget 2025:
- Credit Guarantee Scheme: Credit guarantee scheme for MSMEs will be expanded.
- Technology upgradation: A new scheme will be started to help MSMEs adopt new technology.
- Skill Development: New skill development programs will be launched for MSME employees.
Tax reforms
Many tax reforms have been announced in Budget 2025:
- Income Tax: Income tax slab has been changed for middle class.
- GST: GST system will be further simplified and new sectors will be brought under its purview.
- Corporate Tax: Corporate tax exemption has been given for some sectors.
Green Initiatives
Budget 2025 also paid attention to environmental protection and sustainable development:
- Renewable Energy: Additional funds have been allocated for solar and wind energy projects.
- Electric Vehicles: New incentives have been announced to promote EV adoption.
- West Management: Funds have been allocated to upgrade the waste management system in cities.
Promotion of foreign investment
Budget 2025 has taken several steps to attract foreign investment:
- FDI Policy: FDI limit has been increased in some sectors.
- Ease of Doing Business: New rules have been made for foreign companies to make business easier in India.
- Tax Inscents: New tax incentives have been announced for foreign investors.
Rejuvenation
This article is based on the main things of Budget 2025. However, the actual impact of the announcements made in the budget will be known over time. Please note that the announcements made in the budget may change and they will be implemented according to government policies and rules. Therefore, before taking any decision, confirm the information from the official sources.
