Fiscal prudence can help bring down the cost of capital
The government continues to walk the talk on the path of fiscal prudence. The glide path 2026-27 onwards envisages fiscal deficits such that the percentage of government debt to GDP keeps falling. This is a very big and ambitious statement for a developing economy like India. These targets are being achieved without compromising on the…
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No Gains, No Tax. Markets to Take Tax Hikes in Stride
Going into the budget, there were apprehensions about fiscal prudence and whether the budget would indicate a populist turn by the government. However, the message is that of continuity. Apart from the increased allocation of resources to the states of the two coalition partners, there does not seem to be any meaningful difference between the…
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