After a tough 2025, are Nifty bulls ready for a strong 2026?
India was beset by multiple macro challenges through FY25 and 1HFY26. The government tightened its fiscal belt in FY25 by contracting the fiscal deficit by 46 bps of GDP, primarily by controlling expenditure. At the same time, the RBI intervened to address exuberance in retail lending through a series of regulatory measures, such as raising…