Union Budget brings home to markets the unpleasant reality of fiscal dominance where RBI ends up prioritising deficit financing over its primary function of inflation control.
The Budget’s emphasis on seven ‘strategic and frontier’ manufacturing areas is clearly not random. These are areas of high import dependence, strong employment, and rising geopolitical sensitivity.
Budget 2026 does not seek to redefine India’s growth model; rather, it reinforces the existing framework characterised by fiscal restraint, public investment, and manufacturing depth.
Corporate bonds are priced as a spread over the risk-free rate. In India, the reference risk-free rate is unreliable as large institutions are mandated to buy and hold government bonds.
China, which harbours ambitions to control the Yarlung Tsangpo, as the Brahmaputra is known in Tibet, is moving ahead with its mega hydropower project at Motuo.
Exporters said the Budget’s proposals to increase duty-free import limits on processing, create 500 reservoirs and support fisheries startups will boost the marine industry.
With recruitments under Agnipath set to rise, the Union Budget has significantly increased spending, with the Army taking nearly 87% of the total outlay.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
Insightful conclusion. Whether the United States and the West are in decline could be a matter of debate. However, wealth and power are dispersing more widely, which is also in India’s interest.
How are Russia and China destabilizing the Artic? They aren’t the ones threatening to annex allied sovereign nations for economic benefits.
As for Trump he is probably the most clear headed. He realizes the US needs more resources to secure its future, and hence will take try to Greenland. Psyops are already underway with the US media playing out hypothetical invasions of Greenland.
Canada will give immense access to the Artic, resources and population boost and most young Canadians would be happy unifying with the US considering Canada’s poor future economic outlook.
India will still be India. Dreaming of greatness but never actually achieving it.
This will be the era of 3 great powers or 3 Kingdoms. The US, Russia and China. So much for the end of history.
Insightful conclusion. Whether the United States and the West are in decline could be a matter of debate. However, wealth and power are dispersing more widely, which is also in India’s interest.
How are Russia and China destabilizing the Artic? They aren’t the ones threatening to annex allied sovereign nations for economic benefits.
As for Trump he is probably the most clear headed. He realizes the US needs more resources to secure its future, and hence will take try to Greenland. Psyops are already underway with the US media playing out hypothetical invasions of Greenland.
Canada will give immense access to the Artic, resources and population boost and most young Canadians would be happy unifying with the US considering Canada’s poor future economic outlook.
India will still be India. Dreaming of greatness but never actually achieving it.
This will be the era of 3 great powers or 3 Kingdoms. The US, Russia and China. So much for the end of history.