Ahead of Union Budget 2026-27, Shishir Sinha speaks with Rajani Sinha (Chief Economist, CareEdge Group), Kanika Pasricha (Chief Economic Advisor, Union Bank of India), and Rumki Majumdar (Economist, Deloitte India)—to decode India’s fiscal roadmap. Together, they break down the critical expectations for economic growth, fiscal policy, and structural reforms, while navigating the key opportunities and challenges that lie ahead.
Rajani Sinha talks about India’s macroeconomic outlook, highlighting the country’s GDP growth trajectory, inflation trends, and the importance of structural reforms to sustain long-term growth. She emphasizes the need to leverage India’s demographic dividend through job creation and skill development.
Kanika Pasricha focuses on the banking and financial sector, the sustainability of the current high-growth, low-inflation “Goldilocks” scenario, and the importance of aligning deposit tax rates to improve the cost of capital for businesses. She also explains how fiscal consolidation and targeted reforms support economic stability.
Rumki Majumdar highlights the resilience of the Indian economy, noting strong growth despite global uncertainties. She discusses the significance of government CapEx in boosting demand when private investment is low, the role of MSMEs, R&D spending, and initiatives to improve ease of doing business.
Watch the video to learn more!
Published on January 23, 2026
