In Kotak Mutual Fund's annual market outlook for 2026, Shah said the global economy is entering a phase where fiscal policy is taking the lead, while monetary support is gradually easing. Rate cuts are underway, but the environment that fuelled strong market rallies earlier is no longer in place. "Global growth will remain positive but may slow down a little in CY26 over CY25," Shah said.Also read | Smart investment: How can you get Rs 1 lakh monthly passive incomeGlobal risks for investorsShah outlined sev ...