The 21.8 per cent increase in the defence capital budget is not routine. Sindoor has underlined the urgency of acquiring credible, modern military capability at scale. It now calls for structural reform within the defence establishment — shifting decisively toward fast-tracked, focused acquisitions and scaled-up contracts rather than fragmented, piecemeal procurement.
Higher STTs reflect India’s preference for financial stability
The higher STT on futures and options signals a calibrated attempt to cool excessive speculation without disrupting core capital markets. Politically, it reflects a preference for financial stability over froth. It discourages short-term trading excesses, protects retail investors and preserves market credibility. It is, after all, a volatile global cycle.
Modi administration is done with shockers. Budget 2026-27 is proof
Budget 2026-27 signals that Modi government has finally gotten over 2024 parliamentary election shocker. It’s the least populist of the Budgets, no knee-jerk reactions. No more over-indulgence of allies. No giveaways to poll-bound states. It reflects his confidence in government’s stability. He’s thinking long-term again. And it’s good for India.
Union Budget 2026-27 signals confidence through capacity, not drama
Union Budget 2026-27 is a study in continuity. It avoids shocks, protects fiscal discipline, sustains public investment, and leans on process reforms. It goes for simpler compliance, clearer rules, lower friction rather than big headlines. In a volatile global economy, predictability becomes policy, signalling confidence through systems, capacity, not drama.