Moneycontrol Pro Panorama | Quest for fair value gets tougher in the AI world
In this edition of Moneycontrol Pro Panorama: US trade deal offers upside beyond immediate recovery, Mamata Banerjee's legal intervention helps reset political narrative, rising credit risks make asset quality a key concern, legacy automakers regain ground as two-wheeler demand expands, and more
OPINION | Union Budget 2026 charts a path for emergent Bharat
The Budget 2026 balances growth with inclusion, focusing on manufacturing, services, and agriculture to transform Emergent Bharat while advancing India’s long-term vision of Viksit Bharat
It’s not just a tech sell-off
And more on the sentiment puzzle
OPINION | Why India’s defence–GDP ratio matters less than capability
India’s defence spending should focus on capability and modernisation. Predictable funding matters more than fixed GDP targets. This approach ensures preparedness despite fiscal constraints and long-term security challenges
Markets may debate it, but Budget 2026 chose realism for a quiet reset in policy priorities
Overall, the Budget is unlikely to materially alter the medium-term outlook for equities. Rather, it reinforces the view that the past 15 months have marked a reset – shaped by geopolitical shifts and global macro uncertainty.
Markets likely to hit new highs in 2026 after a well-balanced budget focused on capex and sustaining GDP growth
Overall, the budget is in line with expectations and is positive. The near-term challenges of changes in tax structure on certain financial instruments do not have any significant impact on the economy or the underlying value of the securities.
Services PMI rebounds to 58.5 in January, signalling strong start to 2026
Momentum in services mirrors pickup in manufacturing; EU and US trades deal expected to lift growth outlook
Union Budget 2026: Look beyond borrowings
The Centre’s gross borrowing figure of Rs 17.2 lakh crore for FY27 significantly exceeded market expectations, which were pegged between Rs 16.5 lakh crore and Rs 17 lakh crore. This elevated borrowing requirement coincides with a persisting slowdown in tax revenue.
Steady Budget: Driving growth through fiscal discipline and sustained capex
The budget math appears credible with modest estimates of tax receipts and expenditure. Ultimately, this budget reinforces India's trajectory as a resilient pillar of global economic growth.
Interview: Budget reassures on fiscal math, manufacturing; earnings growth key for markets over next 12–18 months, says Rahul Singh of Tata AMC
The ongoing results season has offered some comfort on earnings stability, with the potential for recovery in FY27. Valuations are supportive, both absolute and relative to other EMs, but earnings delivery will drive flows, said Rahul Singh of Tata AMC.
Budget 2026 marks India’s move beyond stimulus to structural, competitive growth
The 2026 Budget may not generate immediate excitement, but it sends a more meaningful message that India is moving beyond stimulus-driven expansion toward a model where competitiveness, efficiency and structure determine the quality of growth, said Anand Rathi.
Budget that favours discipline, execution, and bottom up investing
The Budget’s overarching message is one of credibility over theatrics, continuity over abrupt pivoting, and execution over experimentation.
The India-US trade deal: What it really means for your portfolio
US "de-risks" from China, India positions itself as a democratic long term alternative with large consumption potential, while building relationships with the EU, UK, and UAE.
With fiscally disciplined budget, US deal acts as a magnet for foreign capital; India’s role in global portfolios set for repricing
On the surface, the deal reads like a typical Trump-era headline deal. Underneath, it is a structural shift and India is the clear economic beneficiary, although with T&C (terms and conditions).
India–US trade understanding strengthens ties, expands opportunities amid India’s push for production-led growth
Lower tariffs, broader market access, and deeper energy cooperation support growth and long-term alignment.
US, EU trade pacts signal new era for Indian economy; positive for stocks, currency
The US-India BTA should act as an inflection point for the Indian stock market where the Indian economy was doing extremely well compared to any other major economy but the market continued struggling.
OPINION | Budget 2026 lays medium-term foundation for job-led growth
Budget 2026 prioritises fiscal credibility while embedding employment in sectoral choices, exports and human capital. The shift is deliberate and medium-term. Job-led growth will ultimately depend on execution and state capacity
Moneycontrol Pro Panorama | A trade pact that dispels the blues
For this edition of Moneycontrol Pro Panorama: Finance Commission’s bold fiscal vision contrasts cautious budget path, landmark India-US trade deal reshapes economic strategy, bullion ETF rationalisation timing remains uncertain, and more
The 16th Finance Commission’s ambitious fiscal roadmap vs the budget’s cautious glide path
The 16th Finance Commission charts a bolder path to 3.5% fiscal deficit and 47.6% debt-to-GDP by 2030-31 than the Union Budget 2026-27’s more measured steps, yet both signal a shared commitment to long-term fiscal discipline
OPINION | Union Budget signals fiscal prudence and growth-oriented reforms
The Union Budget reinforces fiscal consolidation through disciplined deficit targets and higher capital expenditure. Targeted tax reforms support infrastructure-led growth, boost manufacturing competitiveness, expand services, and strengthen the financial sector
Scaling alternatives to Rs 100 lakh crore could emerge as a primary engine for nation-building and Viksit Bharat
With the "Reform Express" now targeting "Champion MSMEs," we believe alternatives can reach mutual fund scale—growing from Rs 13.5 lakh crore to Rs 100 lakh crore within the next decade—serving as the primary engine for Viksit Bharat.
OPINION: Budget stays focused on long-term strategic goals amid near-term challenges, but borrowings exceed expectations
Total government borrowings by States and Centre via dated securities are likely at Rs 30 lakh crore, in an atmosphere where demand side factors can be a problem
“Our party was and is in favour of strong rupee,” says FM Sitharaman
Finance Minister Nirmala Sitharaman said that the country’s macroeconomic fundamentals remain strong and the banks are closely monitoring the situation.
FY27 disinvestment target of Rs 80,000 crore may face execution risks amid global headwinds and weak earnings visibility
The FY27 Budget presents a balanced, disciplined and inclusive framework, with a core focus on stability, fiscal discipline and sustained growth.
Budget 2026 prioritises fiscal prudence, capacity creation and investment confidence, positioning India for resilient growth despite volatility
The theme of the budget largely focused on three key issues - fiscal stability, attracting foreign investment, and improving ease of taxation, said Rupen Rajguru of Julius Baer India.
