New Financial Year 2026: The new financial year 2026 begins from today, April 1st. And this brings a fresh set of price changes that are going to have a direct impact on household budgets all over India. From very much essential medicines and basic electronics to luxury products, many items have become cheaper or costlier. These changes have come by the updates in customs duties and tax revisions that were announced at Union Budget.
New Financial Year 2026:
What gets cheaper from April 1
The government has reduced a few duties on certain essential and high demand products to offer little bit of relief to consumers.
Medicines: Life saving drugs like cancer medications are set to be sold at reduced prices due to the reduced import duties.
Mobile phones and parts: Mobiles have become our new normal for almost everything. Due to the high demand, the prices are made slightly cheaper.
Electric vehicles: Reduced duties are set to support India’s stance towards cleaner mobility.
Leather products: Leather products and footwear are expected to see a price drop respectively due to demand.
What Gets Costlier From April 1
At the same time, certain set of goods and services may become more expensive as the taxes and duties are increased.
Luxury goods: Products like high end cars, imported items and premium goods that are symbol of wealth are going to see a price hike.
Tobacco Products: Cigarettes and related items are likely to see hike in price due to higher taxes.
Gold and Silver: The rapid hike in the price of these precious metals are going to get higher depending on the taxes and duties.
Air Travel: Ticket prices of Air travel are going to see a hike due to increase in operational cost.
