Chakraborty, Pinaki and Nagpal, Resham creator text Economic & Political Weekly monographic eng

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61(14), Apr 4, 2026: p.72-75 The economic fallout of war in Iran on the Indian economy can derail fiscal consolidation, increase debt, and reduce fiscal space for discretionary development spending. As we move to the new fiscal year, ensuring fiscal sustainability and the stability of inflation will emerge as key challenges in macroeconomic management. Given the economic uncertainty the war has imposed, the 2026–27 budget numbers are, at best, indicative. –Reproduced https://www.epw.in/journal/2026/14/budget-2026-27/budget-numbers.html Economic & Political Weekly 260430