
At Davos 2026, Economist and Professor at Harvard University, USA Gita Gopinath offered a clear message for Indian policymakers ahead of the Union Budget: protect macroeconomic stability. In a volatile, multipolar global economy, she said India’s strength lies in its policy frameworks - particularly inflation targeting and fiscal discipline - which have helped anchor inflation expectations and insulate the economy from external shocks. While the Centre has maintained fiscal discipline, Gopinath flagged concerns at the state level, warning that future crises are inevitable. Building buffers today, she stressed, is critical to supporting growth tomorrow. Her message is simple but powerful: stability is not optional - it is the foundation for confidence, resilience, and sustained economic progress in 2026 and beyond.