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ASSOCIATE SPONSORS
Tariffs are important but not everything. Latent protectionism shows up in legal challenges, legislative blockades and dramatic U-turns. For India, there’s a lot of follow-up to be done in both EU and the US
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.
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.
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.
Trade deals are always about give and take. But with President Trump, it is often unclear what — and how much — one may need to give in return. Expectations, therefore, should be tempered. Yet, compared to the prospect of facing 50% tariffs, it represents a clear improvement
The Budget’s overarching message is one of credibility over theatrics, continuity over abrupt pivoting, and execution over experimentation.
The trade deal provides a boost to growth. Also, CPI and GDP are set to undergo base revisions, making forecasts tricky. Therefore, MPC may pause on rates while RBI continues to support liquidity
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).
Lower tariffs, broader market access, and deeper energy cooperation support growth and long-term alignment.
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
Like humans, rules will need to be set and comings and goings tracked, highlighting how managers will always be needed
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
Gold and silver ETFs are trading at a sharp discount, putting retail investors wishing to exit at a disadvantage. The risks of excessive leverage are playing out
Government data shows that customs duty foregone on imports on account of FTAs amounts to a significant figure, which will hopefully be offset by higher exports, which at the net level is expected to benefit the economy
India’s cotton textiles were grappling with potential loss of share in the large US market and rising costs on home turf
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
Hydro pumped storage projects use more components made in India compared to battery energy storage systems
A significant number of biologics are expected to lose patent protection, opening up a large business opportunity for biosimilars
Shedding corporate loans and going full throttle on retail was a survival strategy which now must change
The sharp rollback of US tariffs on Indian exports is more than a trade reset—it lowers uncertainty, revives market sentiment and reshapes India’s economic and strategic positioning
Lower US tariffs mark a strategic reset in India-US trade ties, boosting export competitiveness and geopolitical alignment
The India-US trade deal has ignited a 2.87% jump in Gift Nifty, setting the stage for a potential short squeeze as foreign investors scramble to cover near-record short positions amid renewed market optimism
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.
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
The FY27 Budget presents a balanced, disciplined and inclusive framework, with a core focus on stability, fiscal discipline and sustained growth.
