In her latest development in budget speech, the Finance Minister Nirmala Sitharaman proposed minor changes in customs duties, including relief for certain inputs used in the production of smartphone camera lenses and lithium batteries, which will continue for one more year.
However, gold, silver, and diamonds will become more expensive.
Additionally, there will be changes in customs duties on toys and cycles. These changes are aimed at promoting the growth of certain industries and boosting the Indian economy.