ETMarkets Smart Talk| Budget 2026 to focus on capex, customs duty reforms; no major tax changes likely: Rahul Singh, Tata AM

January 31, 2026

Investors eye the Union Budget 2026 for policy direction amidst global uncertainty. Tata Asset Management’s CIO Rahul Singh anticipates a focus on capital expenditure and customs duty rationalisation, with limited room for fiscal stimulus. He notes a decline in India’s valuation premium, making it more attractive for emerging market flows.

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