Trump tariffs, falling rupee: Key risks to India’s growth story; can the Budget protect it?

In the backdrop of Donald Trump’s tariff threats, uncertainty over India-US trade deal and rising geopolitical tensions, Finance Minister Nirmala Sitharaman’s Union Budget 2026 assumes significance. What are the risks to India’s robust and resilient growth story, and what can Budget 2026 do to mitigate them? We ask economists: