New Delhi, Jan. 13 -- Mihir Vora, chief investment officer at TRUST Mutual Fund, expects the Union Budget 2026 to strike a balance between growth and fiscal prudence. He anticipates a continued focus on infrastructure spending and a moderate path of fiscal consolidation. In an interview with Mint, Vora shared his views on the implications of a delayed India-US trade deal for the Indian economy, his outlook for the domestic stock market in 2026, his assessment of India's macroeconomic environment, and his expectations from the ongoing Q3 earnings.

Edited excerpts:

The Union Budget 2026 is expected to be pragmatic, balancing growth with fiscal prudence. Key expectations include:

Fiscal deficit: A moderate consolidation path is likely, wi...