The exemption of customs duty on gold ores and concentrates for its manufacture will show a definite reduction in the cost of gold production which will be highly beneficial to the manufacturers. Gold bars other than tola bars will have a rise in price. The cost of export of plain gold and silver jewelry is likely to be increased. The cost of platinum is also likely to increase, where as the cost of rhodium is tending to decrease.
The housewife
As far as house budget is concerned various changes are coming up. The price of long pepper and Asafoetida is likely to be reduced shortly .The cost of tapioca starch and maize starch will increase. The increase in the crude oil, petrol, diesel, avgas prices are likely to hike in transportation charges thus resulting in rise in the cost of traveling and transportation of goods. The parents of younger kids have something exciting to look forward to. The cost of latex rubber thread, toys and rubber balloons of natural rubber is reduced. The cost of clinical diapers and sanitary napkins is also reducing. The cost of umbrella is going to increase. The cost of mosquito nets impregnated with pesticides is increasing. Use of refrigerated or frozen products will cost lesser as installation of cold storage rooms and refrigerated vehicle for preservation, storage and transportation of agricultural, dairy, poultry, aquatic and marine products will cost lesser. The cost of microwave will reduce.
For those who smoke and take pan masala
There is a general hike pattern in price of tobacco mixtures, branded ‘hookah’ or ‘gudaku’, scented tobacco, snuff and its preparations, zarda, mixtures of pipe, cut tobacco, tobacco extracts, pan masala, tobacco substitutes, ‘supari’ etc.
For Jewelers
The exemption of customs duty on gold ores and concentrates for its manufacture will show a definite reduction in the cost of gold production which will be highly beneficial to the manufacturers. Gold bars other than tola bars will have a rise in price. The cost of export of plain gold and silver jewelry is likely to be increased. The cost of platinum is also likely to increase, where as the cost of rhodium is tending to decrease.
Construction
The cost of manufacturing marble slabs and tiles are going to be maintained while the process of cutting, sawing, sizing, polishing of natural stones or agglomerated artificial is going to be increased.
The increase in the cement cost will reflect upon as an additional rise in construction costs. Ceramic tiles will also show a price hike. Road construction machinery is likely to have a price reduction. The cost of packing is going to be reduced due to reduction in cost of cartons, boxes and cases of corrugated paper or paperboard of standalone manufacturers
IT
The IT products like microprocessors meant for external use with computer or laptop will have a price rise. Packed software costs are going to fall.
Power sector
The setting up of alternate sources for electric energy generation from wind and solar or geothermal sources will cost lesser. The cost of coal, lignite and peat will become more resulting in price hike in power generation utilizing these resources. The electrical energy removed from SEZ (Special Economic Zone) to domestic area and non processing areas of SEZ will have a higher cost.
Medicine
Goggles and sunglasses other than those used for correcting vision will cost more. Those who have regular monitoring of blood glucose and test strips beware, because it is going to cost you more. Arterial septal defect occlusion devices will have a higher price. Certain medical, surgical, dental equipments will have a cost reduction. Cost of importing life saving equipments will rise. There will be a reduction in cost of artificial limbs. Price of menthol and its related products will reduce.
Textiles
Products wholly made of quilted textiles will cost lesser.
Automobiles
Cost of electrically operated vehicles will be raised due to rise in the price of electrical components like AC-DC motor, AC-DC controller, battery pack and battery charger. Cost of larger vehicles will also show a rise.
Agriculture
Cost of compostable polymers / bioplastics used for manufacture of bio-degradable agro mulching films, nursery plantation and flower pots will decrease. Self-loading and self-unloading trailers and semi trailers used for agricultural purposes will have a reduction in cost. Installation of mechanized food grain handling systems and pallet racking systems will cost more. Plantation machinery will continue to enjoy the duty exemptions.
Media and related fields
Reduction in cost of producing motion pictures, music, gaming software will definitely benefit these fields.
Miscellaneous
Replaceable kits of water filters except the reverse osmosis type will cost lesser.LED lights, lighting fixtures will have a reduction in cost. Readymade mobile phones, garments and watches will show a price hike. Mobile phone accessories will become cheaper. Certain sports goods will have a price reduction. Some electronics equipments will also show a reduction in price. Security papers will cost lesser.