BUDGET 2023

KEY LOSERS AND WINNERS FROM THE UNION BUDGET

Published By Livemint | 02 Feb, 2023

Agriculture sector, spending ₹22 billion on high-value horticulture and setting up of an agriculture accelerator fund

Winner

Tourism sector with 50 new destinations to be selected for promoting domestic tourism

Winner

Infrastructure with various projects announced in a bid to boost last-mile connectivity

Winner

Green energy, ₹350 billion investment in energy transition and carbon neutrality initiatives

Winner

Cigarette makers, proposed tax increase on specified cigarettes by about 16%

Loser

Jewelers, increase in import duty on silver dore, bars and articles

Loser

Oil refineries, no compensation announced toward losses on keeping a check on diesel and gasoline prices

Loser

Foreign carmakers, increase in customs duty  priced above $40,000 and imported as completely-built units

Loser