01262nam a22001457a 4500999001900000008004100019100004300060245006900103260003400172300003300206520072700239773003400966942000701000952010901007  c533215d533215260430b           ||||| |||| 00| 0 eng d  aMundle, Sudipto and Sahu, Ajaya960332  aBudget 2026–27 and coping with the emerging economic challenge  aEconomic & Political Weekly    a61(14), Apr 4, 2026: p.16-20  aStable fiscal ratios, high growth and low inflation portray India as a haven of stability and calm in a very turbulent world. However, this may well be a calm before the storm. The stable fiscal ratios notwithstanding, fiscal space is shrinking, which handicaps the country in coping with the economic shock, which is expected in the wake of the Iran war and Iran’s chokehold on supplies through the Strait of Hormuz. An expansionary fiscal policy, combined with a tight monetary policy stance, can moderate the impact of the shock, but a period of slower growth and elevated inflation seems unavoidable. –Reproduced 

https://www.epw.in/journal/2026/14/budget-2026-27/budget-2026-27-and-coping-emerging-economic.html
  aEconomic & Political Weekly    cAR  00102ddc40709408385aIIPAbIIPAd2026-04-30h61(14), Apr 4, 2026: p.16-20.pAR138726r2026-04-30yAR