MAHE Dubai faculty member, Dr. Ullas Rao, Assistant Professor of Finance at Manipal Business School, MAHE Dubai, has published a policy commentary titled “Long on Semantics, Short on Intent” with Towards Public Policy (published 3 February 2026).
Key themes from the article
In his piece, Dr. Rao examines India’s Union Budget through the lens of a rapidly shifting global environment, arguing that today’s uncertainty and weakening multilateral order make domestic economic resilience and long-term planning even more critical.
He highlights that while the Budget includes some positive announcements around skills and development initiatives, the larger opportunity lies in moving beyond messaging to more decisive, structural reforms—particularly those tied to job creation and reducing regional imbalances.
The article also notes that market reactions often reflect expectations around reform depth, and underscores the importance of sustained, policy-driven action that supports long-term competitiveness rather than short-term signalling.
Read the article here: Long on Semantics, Short on Intent
