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Chinese President Xi Jinping has consciously taken major risks by sacking two top generals, including the vice chairman of Central Military Commission. What motivated him is unclear through there are unconfirmed reports of a failed coup. India needs to use the opportunity to restructure its relations with China
The STT hike is a short-term headwind for equity markets and bond yields may remain elevated due to higher borrowing
The Union Budget 2026-27 demonstrates the government's commitment to infrastructure investment, MSME empowerment, and fiscal consolidation while navigating global economic uncertainties
The government's FY27 fiscal deficit target of 4.3% of GDP and elevated capex allocation reinforce policy credibility though higher gross borrowings will test market appetite in the near term
The Finance Minister's decision to raise securities transaction tax has rattled markets, with the Nifty falling sharply as traders worry about shrinking margins and reduced market liquidity
The basic assumptions of the Budget seem to be in order. It does well and should help the economy achieve a sustained 7% growth rate
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
What stands out is the continued emphasis on digital public infrastructure and predictable, rule-based governance
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
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.
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.
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 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.
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
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
Budget 2026 is ultimately a statement of confidence, one that envisions India as a global hub for data infrastructure, manufacturing competitiveness, and semiconductor innovation
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
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
Short-term objectives of the financial markets may not have been met, but drivers of sustainable economic growth received a boost
The tax holiday for data centres will enhance India’s competitiveness in the global landscape and spur capex in related sectors too
For operators, this reframes the risk-reward equation and supports sustained, long-horizon investment
Grind is good, more sustainable than big bangs and we remain bullish on the long term story.
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
It chooses credibility over expansion, capital formation over consumption stimulus, and programmatic reform over rhetorical ambition
The expanded scope is critical if India is to transition from being a participant to a structural player in the global semiconductor ecosystem
