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Budget Numbers

The Economic Fallout of War and Macroeconomic Stability

Bibliographic Data

ID22410470
AuthorsResham Nagpal Resham Nagpal, Resham Nagpal, Pinaki Chakraborty (0000-0002-2010-8022), Pinaki Chakraborty Pinaki Chakraborty
Year2026
Volume61
Issue14
Publication date2026-04-28
Open AccessNo
TypeARTICLE
VenueEconomic and political weekly/Economic & political weekly (JOURNAL)
Journal identifiersISSN: 0012-9976 • E-ISSN: 2349-8846
PublisherSameeksha Trust (PUBLISHER)
DOI10.71279/epw.v61i14.48925
OpenAlexW7166032322
LanguageEN

The economic fallout of war in Iran on the Indian economy can derail fiscal consolidation, increase debt and reduce fiscal space for discretionary development spending. As we move to the fiscal year 2026-27, the most challenging aspect of macroeconomic management will be ensuring fiscal sustainability and the stability of inflation. Given the economic uncertainty the war has imposed, the 2026-27 budget numbers are at best indicative.

Debt · Economic stability · Fiscal adjustment · Fiscal policy · Fiscal space · Fiscal sustainability · Sustainability · Western hemisphere · COVID-19 Pandemic Impacts · Fiscal Policies and Political Economy · Methodology and Impact of Social Science Research

Highly citedNo

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