Go slow on rate hikes: Indian cost of capital deserves to be lower

This appeared in the Economic Times on 12 October 2026 (link). Published: Oct 11, 2026, 11:45:14 PM IST We have entered a golden age of Indian entrepreneurship. The number of active companies has risen by more than half a million in three years, rising by a third, from 1.6 million to 2.2 million. Many of … Read more

Podcast: Fiscal consolidation has brought down the cost of capitalĀ (NISM)

How has fiscal consolidation helped bring down the cost of capital in India? What are its implications for macroeconomic stability, investment cycles, and capital markets? In NISM’s Masterclass Episode 26, Sashi Krishnan, Director, NISM, and I discuss fiscal discipline, government borrowing, interest rates, and their transmission into the real economy.