Is growth set to slow down?

Monday, October 8th, 2018

Over the last few quarters, growth in the Indian economy has been quite robust. The MPC, in its latest policy statement, talked about how growth “surged to a nine-quarter high of 8.2 per cent in Q1:2018-19, extending the sequential acceleration to four successive quarters”. But the macro environment has now changed substantially, throwing a cloud […]

MPC Meet: October 2018

Friday, October 5th, 2018

A few notes from the MPC statement and press conference today.   But first, a quick recap of the previous August policy and guidance: In the August meeting, the MPC was of the view that domestic growth momentum was strong and that the output gap was closing. However rising trade protectionism, geo-political tensions and elevated […]

Jeff Bezos Interview

Thursday, October 4th, 2018

Interview of Jeff Bezos at the Economic Club of Washington      Some of my key takeaways: Obsessive compulsive focus on the customer vs focus on competitors Using heart, intuition and guts to making decisions. Analytics and data are useful as well, but the most important decisions will be made with the former He […]

Monthly Market Summary: September 2018

Wednesday, October 3rd, 2018

We look at returns of various asset classes such as equity, debt, gold, crude oil and the Indian rupee in our latest monthly market summary.   We use data for these charts from   Global Equities October was a brutal month for Indian equities. As can be seen from the chart above, the Sensex on a […]

Linkfest – 93

Monday, October 1st, 2018

Interesting commentary from across the web in the last few weeks:   RBI policy is less relevant now, guidance is key – Tamal Bandyopadhyay CP issuances slide amidst liquidity crunch – Bloomberg Quint India’s health-insurance scheme – The Economist Summary of the Aadhaar verdict – Bloomberg Quint Lessons from the 12 IBC cases – Bloomberg Quint The […]

What is ESG investing?

Friday, September 28th, 2018

The last few years has seen a global shift toward sustainable investing. It started with investors avoiding putting money toward companies that harm the environment, but over time this has evolved into investments that take into account climate change, social issues and responsible corporate citizenship. Environmental, Social and Governance (ESG) investing is thus a new […]

The recent correction put in perspective

Thursday, September 27th, 2018

The last few weeks have seen a sharp correction in the equity market. Overall valuations are still high, primarily led by the overexposure of indices to financials. We will update our quarterly valuations charts next month, but for this post, we would like to focus on the momentum in the current equity bull market. Looking at […]

RBI Annual Report 2017-2018

Tuesday, September 25th, 2018

The RBI Annual Report generally has a lot of interesting charts and data that give good insights into the state of the economy. In this first of a series of posts, we cover five charts that we found quite informative from the latest report.   1. Stalled Projects coming down The number and value of […]

Linkfest – 92

Monday, September 24th, 2018

Interesting commentary from across the web in the last few weeks:   The new breed of FMCG startups – Bloomberg Quint The misleading narratives of our time – Urbanomics Death of passive management? – Institutional Investor Spot electricity spikes turning structural? – Livemint A fix to the commission problem – ValueResearch The US Tax reform gave […]

Can NRI deposits be the saviour of the currency?

Thursday, September 20th, 2018

Interesting and pertinent observation by Jehangir Aziz of JP Morgan in an interview with Bloomberg Quint     Currently the narrative around the rupee is that if things “get really bad” then the RBI can step in, issue NRI bonds and that would keep the currency in check. Jehangir Aziz observes that if you look […]