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100 _aMundle, Sudipto and Sahu, Ajaya
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245 _aBudget 2026–27 and coping with the emerging economic challenge
260 _aEconomic & Political Weekly
300 _a61(14), Apr 4, 2026: p.16-20
520 _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
773 _aEconomic & Political Weekly
942 _cAR