opinion

OPINION | 16th Finance Commission: A shift in approach to grants and tax devolution

16th Finance Commission: A shift in approach that will not help states with lower fiscal capacity. The Commission has discontinued grants-in-aid for revenue needs. Its underlying approach is that fiscal surgery can be performed through blunt instruments

OPINION | Union Budget 2026–27: Steady signals for long-term growth

What stands out is the continued emphasis on digital public infrastructure and predictable, rule-based governance 

Budget scores in a world where stability is a competitive advantage

It should be viewed in the context of India’s long-term economic goal of becoming a developed nation by 2047. Government has successfully created institutional mechanisms which have shifted reforms from being episodic to continuous

Budget 2026 reassures on economic growth, but tempers market enthusiasm

Manufacturing stands out as one of the biggest beneficiaries of Budget FY27. Higher allocations, new schemes and the removal of import duties on several critical inputs point to a strong policy thrust towards domestic value creation.

Budget 2026: STT hike, capex push and banking committee mark a step in the right direction for Indian economy

Rise in capex of Rs 1 lakh crore from FY26 budgetary estimate which has led to rise in gross borrowings of the government and which could raise the cost of borrowing for the economy.

Budget to strengthen the foundation for investment led growth though FM may appear devoid of big bang announcements

Union Budget presented by the Finance Minister could well be reform focused blueprint aimed at positioning India for sustained high growth over the coming decade.

Budget structurally bullish, making India structurally stronger by 2030 but tactically neutral for equities in near term

Budget 2026 is not designed to excite markets today — it is designed to make India structurally stronger by 2030 and globally competitive by Viksit Bharat 2047.

OPINION | Defence budget gets a big boost, hits 2% of GDP

There’s a clear emphasis on spending focused on the cutting edge of the military and domestic procurement of equipment This year, the relative importance of defence spending has risen 

India Budget 2026: Fiscal anchor shifts to debt-to-GDP, sustains capex-led growth

The Union Budget for 2026-27 maintains its focus on capital expenditure and macro stability while transitioning to a debt-to-GDP fiscal framework to create space for countercyclical support, if needed

OPINION | Budget 2026 signals India’s shift to strategic, tech-led growth 

Budget 2026 is ultimately a statement of confidence, one that envisions India as a global hub for data infrastructure, manufacturing competitiveness, and semiconductor innovation

Union Budget 2026: Ease of doing business over market populism

While focusing on structural reforms and ease of doing business, this year’s Budget consciously avoids short-term market appeasement, leaving investors to navigate volatility as valuations recalibrate

What this Budget means for rates and fixed income strategy

The government doubles down on manufacturing, resilience, and public investment, but higher borrowing keeps the yield curve steep and duration risks tilted to the long end

A budget with a long-term focus

Short-term objectives of the financial markets may not have been met, but drivers of sustainable economic growth received a boost

Will data centres become the new infrastructure hotspot, post Budget?

The tax holiday for data centres will enhance India’s competitiveness in the global landscape and spur capex in related sectors too

OPINION | Budget positions robust health as productive economic infrastructure

For operators, this reframes the risk-reward equation and supports sustained, long-horizon investment 

Budget 2026: A slow and multi-year grind towards building long term drivers of earnings and multiples

Grind is good, more sustainable than big bangs and we remain bullish on the long term story.

OPINION | India’s 16th Finance Commission: Status quo amidst grand bargain

The 16th Finance Commission retains states’ share of central taxes at 41%, adds a new GDP contribution criterion, and emphasises efficiency and fiscal discipline, sparking debate over equity and potential impact on poorer states

OPINION | Union Budget 2026–27: Capital discipline, structural reforms, and India’s growth inflection 

It chooses credibility over expansion, capital formation over consumption stimulus, and programmatic reform over rhetorical ambition 

OPINION | Budget expands semiconductor focus from being fab-centric to full value chain

The expanded scope is critical if India is to transition from being a participant to a structural player in the global semiconductor ecosystem 

Budget scores 4/10: Stability delivered, market competitiveness compromised

This budget protects the sovereign balance sheet—but under-delivers on positioning India as a globally competitive capital market.

Centre keeps foot on capex pedal, provides incentives for private sector to step up

With few signs of animal spirits reviving in private sector capex, the Budget spelt out innovative financing measures and new areas of growth to sustain momentum

OPINION | Pragmatic budget which resisted the temptation of populism: CS Setty, Chairman, SBI

The Budget is fiscally prudent. It supports manufacturing and jobs, SMEs get funding and credit support, while financial markets are strengthened

India Budget 2026 gives a timely fillip to medical tourism

Revenues from international patients are growing at a healthy pace for major hospital companies

Union Budget 2026: Boxes ticked, but where’s the spark?

The finance minister offers a steady, investment-heavy Budget that sustains momentum, but stops short of the transformative reforms needed to secure India's place in a fractured global economy

Derivatives market faces uncertain future after Union Budget 2026 delivers tax shock

The stock market selloff post-Budget is understandable as the sharp hike in STT has queered the pitch for traders