The recent U.S. Supreme Court ruling on emergency tariffs draws a clear constitutional line: a president cannot impose sweeping tariffs at whim, by proclamation or social media announcement, without statutory grounding and due process. Trade taxes must follow legal authority. Blanket, rationale-free escalation under emergency powers is no longer defensible.
Markets do not move in straight lines – they swing between optimism and fear, liquidity and tightness, euphoria and regret. For most investors, the real challenge is not choosing the fastest moving investment option, but one that provides the best risk adjusted returns. Because the story coming to an end is the real enemy, not coming second. Giving long term compounding a chance is really where the game is won. Wealth is usually built quietly, across multiple cycles, by getting the fundamentals right and repeating them with discipline.
The recently announced interim trade arrangement between India and the United States is as a strategic framework that blends tariff relief, technology access, energy alignment, and geopolitical signalling into a single evolving partnership.
There is a huge disconnect between India’s macro fundamentals and market pricing. Equities have fallen, bond yields have risen on supply concerns, and the currency is trading near historic lows. Our macro fundamentals, however, tell a completely different picture.
The Indian economy is at a critical crossroads as the Union Budget 2026-2027 draws near. Although infrastructure has been updated under the “Capex-first” approach of recent years, a new macroeconomic problem has surfaced: muted nominal growth. The mandate for fiscal policy is reflation for the first time in recent cycles. The upcoming Budget is anticipated to strike a balance between its emphasis on infrastructure and a notable shift toward consumer assistance in order to help the economy return to an optimal inflation level of 4%.