Budget is not a magic wand for growth; focus on reforms and fiscal discipline: Swaminathan Aiyar

As India targets GDP growth of 6.8% to 7.2%, questions arise about what it will take to maintain momentum – whether through higher capital expenditure, a boost to consumption, job creation, or a balanced mix of all three.However, Swaminathan Aiyar, Consulting Editor, ET Now, cautioned against viewing the Union Budget as a powerful lever that […]

Defense, self-reliance and budget priorities: sectoral opportunities in a changing strategic landscape

India’s defense sector is at a transformative crossroads. As global geopolitical tensions reshape alliances and redefine strategic imperatives, the country’s commitment to self-reliance and modernization has evolved from ambition to tangible reality.Contemporary strategic imperatives are forcing countries to modernize their armed forces against hybrid threats, including drone swarms and hypersonic missiles, as illustrated in the […]

India is set for a cyclical earnings rebound and could outperform emerging markets despite valuation concerns: Jonathan Garner, Morgan Stanley

According to Jonathan Garner, Chief Asia & Emerging Market Strategist and Chairman of Asset Allocation at Morgan Stanley, India is in a cyclical earnings recovery that could see it outperform most emerging markets over the next two years, even as concerns about valuations and foreign investor outflows persist.Speaking to ET Now, Garner said India’s earnings […]

Asset class: Aircraft procurement is being considered for infrastructure status in the FY27 budget

Industry sources said the budget consideration proposal, if implemented, could address airlines’ financing needs for aircraft purchases. | Photo credit: iStockphoto To support growth in the country’s aviation sector, the Union Budget for the financial year 2026-2027 could consider granting infrastructure status to aircraft in the asset category. Speak withbusiness lineIndustry sources said the budget […]

Small and medium NBFC-MFIs are hoping for an announcement of a credit guarantee fund in the Union Budget

The top 15-20 NBFC-MFIs account for about 85 percent of the portfolio of NBFC-MFIs | Photo credit: Getty Images With just 20 days to go for the Union Budget, small and medium NBFC-MFIs (non-banking finance companies – microfinance institutions) are hoping that a credit guarantee scheme – mooted by industry bodies last year to encourage […]

Assocham is seeking incentives for hydrogen-based steel production and green financing in the FY27 budget

rolls of steel sheet in a factory Ahead of the Budget, industry body Assocham has urged the government to provide incentives for hydrogen-based direct reduced iron (DRI) and concessional green financing to help the steel sector transition to low-carbon production. Finance Minister Nirmala Sitharaman is expected to table the Union Budget for the financial year […]