The BSE Capital Goods Index dropped more than 3% on Saturday as the government announced a capital expenditure budget of ₹11.2 trillion for FY26, almost the same as in FY25.
Smartphones and televisions may become more affordable following the Union Budget 2025-26 announcement, which introduced a reduction in basic customs duty (BCD) on key electronic components.
Efforts to localise key EV components like batteries, motors, and controllers will also help lower upfront costs, making EVs more accessible to consumers and strengthening India’s EV ecosystem ...