State of the Economy

Wednesday, November 27th, 2019

The state of the economy through the eyes of 3 economists and a start-up investor

How does the balance of payments affect demand?

Thursday, October 18th, 2018

How does a balance of payment problem affect demand in the economy? Neelkanth Mishra of Credit Suisse puts it in an elegant way in an interview with Ira Dugal. To paraphrase, if you think of it like a household budget: suppose a family has a consumption expenditure of Rs. 120 and an income of Rs. […]

State of the Economy

Tuesday, September 4th, 2018

Good interview on the state of the economy with Pranjul Bhandari and Ira Dugal     Some of my key takeaways: Narrowly focused GDP growth – financials being led by personal loans and not industrial credit which is a worry Potential growth is close to 7.1 per cent. January to June we have been growing […]

Currency Chaos: Ready Reckoner

Wednesday, November 9th, 2016

The government made a big move in the fight against black money last night. Even though this move will create currency chaos, by taking Rs. 500 and Rs. 1000 notes out of circulation, the Modi government has in effect hit the reset button. We take a look at the details of the policy change and […]

The next decade of Indian GDP growth

Friday, September 23rd, 2016

Ambit Capital has come out with a great report on the next decade of Indian GDP growth. The report is written with the goal of identifying changes in the Sensex over the next few years, but we like it because it presents the structural drivers of the economy over the next ten years. We have summarised some of these trends […]

How are Indians spending their money?

Friday, July 8th, 2016

The National Sample Survey Office (NSSO) of the government has released data that outlines key indicators of Indian household expenditure on goods and services. We take a look at this data to identify trends in Indian spending in both rural and urban areas.