Budgets show mobiles cheaper, bicycles costlier over time
2023-24: TVs cheaper, air travel costlier.
On February 1, the Union Finance Minister, Nirmala Sitharaman, unveiled the interim budget, marking her sixth budget presentation. This session holds significance as it is the last one before the upcoming Lok Sabha elections scheduled for April-May. The interim budget aims to address financial requirements until a new government is formed post-election. The focus is on the anticipated changes in the costs of various items, particularly household appliances like televisions, refrigerators, mobile phones, and washing machines. Also Read | Here’s The List Of Best Smart Home Gadgets You Can Buy In India
Trends In Budgetary Changes
2014-15 Budget: Price Shifts
Cheaper
Mobiles, computers, LCD TVs, diamonds, footwear
Costlier
Cigarettes, radio taxis, imported electronic items, imported garments
2015-16 Budget: Fluctuations in Prices
Cheaper
Minerals, chemicals, solar water heater systems, wind power generators
Costlier
Iced tea, mineral water, aerated drinks, bags, eating out, cigarettes
2016-17 Budget: Impact on Consumer Goods
Cheaper
Footwear, solar lamps, broadband modems, affordable homes
Costlier
Cars, cigarettes, air travel, readymade garments, gold, silver
2017-18 Budget: Shifting Economic Landscape
Cheaper
LED lamps, solar panels, rail travel, import of solar tempered glass
Costlier
Silver coins, cigarettes, mobile phones, water filter membranes
2018-19 Budget: Economic Adjustments
Cheaper
Solar tempered glass, raw cashew nuts, cochlear implant raw material
Costlier
Cars, motorcycles, mobile phones, gold, silver, mattresses, diamonds
Cigarettes, bicycles, imitation jewelry, air travel
Verdict
In the ever-evolving economic landscape, the annual budgets present a dynamic interplay between consumer goods, technology, and economic priorities. The interim budget, given its timing, adds a layer of anticipation as citizens await the impact on their daily lives.
Say hello to Shweta, a tech fan who's hooked on keeping up with all things tech. When she's not exploring the latest gadgets, she's diving into a good book, clicking photos as an amateur photographer, or enjoying classic movies and music. With her love for both tech and creativity, Shweta adds her own touch to tech news in a way that's easy to understand and enjoy.
