Budget 2026: Microwave oven prices unlikely to fall sharply despite duty waiver; local manufacturing to benefit

Union Budget of India 2026: New Delhi's latest Union Budget has sparked excitement with its proposal to waive customs duty on components for microwave ovens. This forward-thinking measure is designed to invigorate homegrown manufacturing, giving Indian brands a sharper edge internationally. Sector leaders are buzzing with expectations of increased component procurement and a robust local supply chain.