One tax change rattled markets, but the real story hides deeper. Is Budget 2026 quietly reshaping India’s economic future?

Japan’s era of ultra-cheap money is fading, and the shift is rippling through global markets. As yields surge, the yen weakens, and carry trades sit on a knife’s edge, the world’s most reliable source of low-cost capital is turning into a source of volatility with India bracing for the impact.