1 Feb 2026, Sun

Food, clothes or house… prices of which things are expected to be reduced in the budget, on which things will the government emphasize?

Budget 2026: At last the moment has come for which the whole country is eagerly waiting. Finance Minister Nirmala Sitharaman will present the Union Budget 2026 shortly. Generally, middle class taxpayers have high expectations from the budget, who, amidst rising inflation, focus on what has become cheaper in the budget and what has become expensive so that the finances of the house can be managed accordingly. Today, through this news, we can give you broad information about which things can become cheaper in this budget.

What will be the focus?

The government is expected to focus on strengthening the ‘Make in India’ initiative in the budget and will also work on increasing the purchasing power of the people. Domestic manufacturing can be promoted for the development of the country, which can benefit many consumer-facing sectors.

In this sequence, it is possible that this time after the budget, smartphones and tablets made in India will become cheaper, but this will happen only when the custom duty on essential components like camera module and display unit is reduced. Undoubtedly this step will promote local manufacturing and reduce prices for consumers.

Your dream of own home can come true

Since the real estate sector of the country is emerging rapidly and the luxury housing segment is witnessing continuous growth. In such a situation, the focus can be on the budget segment or affordable houses. It is expected that the limit of tax deduction on home loan interest can be increased from the current Rs 2 lakh to Rs 5 lakh. If this indeed happens, it will significantly reduce the cost of buying a home for buyers.

The government can also emphasize on health insurance sector in Budget 2026. Due to this, health insurance premium can get relief from indirect tax. Experts have advised to increase tax benefits like Section 80D in the new tax system. If this proposal is approved, then the limit of standard deduction on health insurance premium can be increased from Rs 25,000 to Rs 50,000.

Their prices may also reduce

If the tax on raw materials used in making batteries is reduced in Budget 2026, then the prices of electric two-wheelers and cars can reduce. Similarly, if duty is reduced on life-saving drugs, such as cancer medicines and essential medical devices, they can become more affordable. This will reduce the expenses on treatment. If tax or duty exemption is given, then the prices of home electronics like televisions, refrigerators and other home appliances made in India may also come down.

Also read:

Exclusive: Why is this year’s budget going to be different from the budgets of the last 75 years? After all, what will be special in it?

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