The Budget’s changing voice
Over the past eight years, the Union Budget speech has stopped persuading and started instructing
Over the past eight years, the Union Budget speech has stopped persuading and started instructing
Across years, the Union Budget has quietly rewritten its social contract—changing how different groups are recognised, prioritised, and positioned within growth
Read across the last seven editions, the Survey reveals how the state’s economic imagination has informed its doctrine
Across years, a consistent set of sectors anchors the Union Budget’s economic imagination
Over the last eight years, the Union Budget has spoken more about work systems than about jobs themselves
Over the last eight years, the Union Budget’s implied audience has narrowed, sharpened, and become more economically specific
Over the last seven years, the Union Budget has evolved from near-term fiscal steering to a Covid-19 crisis-response instrument to a long-horizon system-design document
Labour code-driven charges reveal a lasting reset in how Indian companies price labour, manage workforce risk, and protect margins
Food prices declined, gold and silver surged, and the CPI flattened a deeply uneven inflation experience.
UPI’s evolution to a hyper-scale and frequent usage, suggests India’s digital payments system is reshaping the rhythm of consumption, not merely its volume
Two NowCast case studies from the past year—one macro, one corporate—highlight where real-time modelling added clarity, and where discipline mattered most
What building institutional AI has taught us about data, discipline, and the future of financial workflows in India