All eyes on Union Budget: Will daily essentials become cheaper?

With the Union Budget set to be presented on February 1, speculation and expectations are running high across the country, especially among common consumers. A key question on everyone’s mind is whether the upcoming budget will bring relief from rising prices and make daily essentials more affordable.

With just a few hours left for the Budget presentation, the Fast-Moving Consumer Goods (FMCG) sector, closely linked to household consumption has pinned high hopes on the Centre. Industry experts believe that measures aimed at reducing input costs and rationalising taxes could help lower prices of essential commodities, offering direct relief to consumers.

After the GST reforms introduced last year, expectations are high that the Modi government may announce additional policy interventions to strengthen consumption demand. Boosting purchasing power has emerged as a key priority, particularly at a time when inflationary pressures continue to impact household budgets.

Economists suggest that targeted tax relief, incentives for manufacturers, and steps to stabilise supply chains could help ease the burden on consumers. Any move to encourage consumption is also expected to support economic growth and improve market sentiment.

As the nation awaits the Union Budget, all eyes are on the government’s strategy to strike a balance between fiscal discipline and public welfare, with the FMCG sector and common citizens hoping for meaningful relief.