Chat on India’s growth prospects

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We decode the macroeconomic outlook for India, addressing: How India is navigating economic headwinds, The impact of tariff trends and trade policies, Key drivers of India’s growth story and policy reforms, and what lies ahead for investors, businesses, and policymakers.

Chat on Global Reset, India’s prospects

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We discuss how the world is changing, the thawing of India China relationship, US Tariff impact on India, the US India relationship, possibility of de-dollarisation, the rise of Digital Currency, how the US policymakers are much more agile than India’s governance structure allows, India’s growth slowdown and how it is reversing, FII selling in India.

Chat on reasons behind Trump policies, currency wars

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Here Mukesh and I explore why the Trump moves aren’t just about trade, but about four bigger objectives. Covering various topics from stagnant U.S. wages and life expectancy gaps to America’s renewed manufacturing drive for national security, this we discuss the forces influencing today’s shifting geopolitical landscape. We explore why a dollar devaluation may be … Read more

Chat on Trump tariffs, lessons from the 1930s; how India can cope

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We discuss lessons India can draw from past currency wars to navigate the turbulent years ahead. We discuss how, in the decade before the Bretton Woods system, countries devalued their currencies to gain trade advantages—and how similar pressures are resurfacing today as major economies look to depreciate their exchange rates. Drawing on global historical patterns, … Read more

Coiled for a comeback: Credit revival likely faster this time due to stronger fundamentals

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This was published in the Economic Times on 8 July 2025 (link) RBI has eased monetary conditions, with MPC members talking of ‘the need to support growth’. The focus now shifts to the first step in growth restoration-a revival in credit growth, that is, monetary transmission. How fast can credit growth pick up, and by … Read more

Continued fiscal discipline healthy; what next?

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This appeared in the Times of India on 2 February 2025 (link). The choice of the title in the print version is not mine. Even though the role of govt has shrunk meaningfully over the last three decades, muscle memory of years when GOI had a dominant footprint still builds up expectations around the Union … Read more