The Finance Minister just pulled off a magic trick - shrinking the credit card bill while upgrading the house. Here is why the boring number '4.3' is actually the most exciting part of this year’s financial blueprint. If you were hoping for fireworks, you might have looked at the deficit number - 4.3% - and shrugged. It lacks the drama of the pandemic years when we were staring at 9% deficits and wondering if the sky was falling. But in the world of macroeconomics, boring is beautiful. In fact, boring is what gets you upgraded by global rating agencies. The real story of the Union Budget 2026-27 isn't that we are borrowing less. It’s that we are borrowing less while simultaneously going on the biggest shopping spree in Indian history. The "Cake and Eat It Too" Paradox Let's look at the math, which usually doesn't lie, even if politicians sometimes ...
The Finance Minister just pulled off a magic trick - shrinking the credit card bill while upgrading the house. Here is why the boring number '4.3' is actually the most exciting part of this year’s financial blueprint. If you were hoping for fireworks, you might have looked at the deficit ...
The Finance Minister just pulled off a magic trick - shrinking the credit card bill while upgrading the house. Here is why the boring number '4.3' is actually the most exciting part of this year’s financial blueprint. If you were hoping for fireworks, you might have looked at the deficit ...
The Finance Minister just pulled off a magic trick - shrinking the credit card bill while upgrading the house. Here is why the boring number '4.3' is actually the most exciting part of this year’s financial blueprint. If you were hoping for fireworks, you might have looked at the deficit ...