A large number of items will become more expensive due to hike in taxes, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2019-20.
At the same time certain items such as electric vehicle components, camera module and charger of mobile phones will become cheaper.
Following is a list of items that will become costlier:
Petrol and diesel, Cigarettes, hookah and chewing tobacco, Gold and silver, Fully-imported cars, Split air-conditioners, Loudspeakers, Digital video recorders, Imported books, CCTV cameras, Imported Cashew Kernels, Imported plastics, Raw materials for manufacture of soap, Vinyl flooring, tiles, Optical fibre, Ceramic tiles and wall tiles, Imported stainless steel products, Imported auto parts, Newsprint and paper for newspaper and magazines, Marble slabs, Mountings for furniture, IP camera, Digital video recorder, Network video recorder, Switches, Sockets, Plugs, Connectors, Relays, Imported PVC
Following is the list of items that will become cheaper:
Houses, Wool fiber, Electric Cars, Electric vehicle components, Camera module and charger of mobile phones, Set top box, Import of defence equipment, not manufactured in India, Naphtha