The Feb’26 volume of the EcoCAPSule outlines the key terms of the trade deals India has achieved with the USA and EU. Dark clouds of external pressure, which had loomed large over the economy in the past few months, have quickly faded away as India is set to now enjoy amongst the lowest tariffs on its exports to the USA. At the same time, the Union Budget made it clear that a doubling down on domestic growth was in order, pinning it down as pillar. The Report goes on to discuss the major measures and allocations in the Budget. Finally, given the narrowing fiscal space, thoughts on the trajectory of yields are offered.
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