Union Budget 25: How it can affect consumer behavior & your pocket

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Union Budget 25: How it can affect consumer behavior & your pocket - Business Standard

Quick Summary:

There further seems to be optimism towards optimisation of slabs especially in the regimes above between 15-30 per cent so as to effectively improve disposable income and spending.

Direct tax increases on goods and services, like higher GST rates or customs duties, directly raise the cost to consumers.

For instance: in the 2024 Union Budget, customs duties on non-biodegradable plastics were increased to 25 per cent, making related products pricier.