Dinesh Kanabar
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Budget 2026: Picking predictability over populism
The Budget avoids scattergun allocations and instead places large bets on a few strategic sectors FOR BUSINESSES AND INVESTORS, Budget 2026 is less about spectacle and more about signal — predictability, continuity, and fiscal responsibility. The government has held the fiscal deficit at 4.4% of GDP for FY26, with a glide path to 4.3% in FY27. In a volatile global environment, this restraint is reassuring. Importantly, consolidation has not diluted growth spending.
India’s Pivot From Tariff Diplomacy To Supply-Chain Diplomacy
For three decades India negotiated trade as a defensive exercise—protecting sensitivities, conceding reluctantly, and measuring success by how little was given away. The India–US FTA and the recently concluded India–EU FTA mark a decisive break from that mindset. India is no longer bargaining at the margins of tariffs; it is redesigning its place in global value chains.
Budget 2026: Three kartavyas, one direction in tax
Budget 2026-27 marks a decisive shift in India’s fiscal and tax policy narrative—from expansion and experimentation towards consolidation and credibility. Anchored around three kartavyas—accelerating growth, meeting citizen aspirations, and ensuring inclusion—it signals a clear directional intent: India is now optimising its economic architecture for durability, predictability, and long-term capital formation.
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