India FY27 Budget: A Missed opportunity? We hereby present our views on India's FY27 federal budget from a fixed income perspective. While the government has maintained a fiscal consolidation path, and is based on a realistic set of assumptions, we believe that the higher gross borrowings figure, along with no (favourable) changes to improve the demand side dynamics in the bond markets - could mean the fixed income markets continue to trade with caution in the near to medium term
