With less than 48 hours to go before India’s Finance Minister, Nirmala Sitharaman, tables the Union Budget in Parliament for the 2026–27 fiscal. Kunal Shankar, The Hindu’s Deputy Business Editor, speaks to colleagues Soundariya Preetha, who has tracked India’s MSMEs for over two decades — based out of Coimbatore, and Lalatendu Mishra, who has followed the markets and the Reserve Bank of India for just as long, and is based out of Mumbai. They discuss how the customary Economic Survey, settled by Chief Economic Adviser V. Anantha Nageswaran, has been received by India's small businesses and the markets. They also talk about what these sectors are looking for in the Union Budget amid tariff headwinds visibly straining India's largest export sector - the MSMEs; and the volatility wrecked onto the markets as foreign investors exit Indian markets in droves and a precipitous depreciation of the rupee against the U.S. dollar.
Host: Kunal Shankar
Edited by Sharmada Venkatasubramanian
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