BasisPointInsight.com - Quo Vadis the IMF? by Michael Debabrata Patra This essay questions whether the IMF’s evolving surveillance and labelling practices now undermine exchange-rate stability instead of safeguarding it. by Michael Debabrata Patra, BasisPointInsight.com

1/5 𝐖𝐡𝐞𝐧 𝐈𝐌𝐅 𝐋𝐚𝐛𝐞𝐥𝐬 𝐁𝐞𝐠𝐢𝐧 𝐭𝐨 𝐔𝐧𝐝𝐞𝐫𝐦𝐢𝐧𝐞 𝐂𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲

In Part V of his ongoing FX series for BasisPoint Insight, 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐏𝐚𝐭𝐫𝐚 turns a critical lens on the IMF’s evolving approach to exchange-rate oversight.

#BasisPointInsight #FXMarkets #ExchangeRatePolicy #Rupee #CurrencyMarkets

BasisPointInsight.com - India’s Rabi Crop Estimates May Be Too Optimistic by G. Chandrashekhar The government’s second advance estimates project record wheat and mustard output, yet heat stress, weak rainfall, and yield math suggest caution. by G. Chandrashekhar, BasisPointInsight.com

5/5 With climatologists warning of a possible El Nino in the second half of 2026, the margin for forecasting errors in agriculture may only get smaller.

𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐜𝐨𝐥𝐮𝐦𝐧 𝐨𝐧 𝐁𝐚𝐬𝐢𝐬𝐏𝐨𝐢𝐧𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭.

#ClimateRisk #BasisPointInsight

BasisPointInsight.com - IndiGo’s CEO is Out, and the Timing Tells Its Own Story by Minari Shah IndiGo’s December disruption exposed the hidden price of over-optimised operations. Reputation does have a fallout. And it is big and damaging.  by Minari Shah, BasisPointInsight.com

7/7 The next CEO will inherit an airline with enormous scale and ambition. Rebuilding routes may be straightforward. Rebuilding credibility may take longer.

Read the full analysis by Minari Shah on BasisPoint Insight.

#Leadership #BasisPointInsight

BasisPointInsight.com - A Nation Celebrates a Win While the World Quietly Unravels by Phynix India’s T20 triumph briefly united a divided nation. Outside the stadium, oil shocks, AI battles, bond puzzles and geopolitics continued to churn. by Phynix , BasisPointInsight.com

2/4
This week's pieces on #BasisPointInsight highlight how India's economic story is being reshaped across sectors. Oil risks around #Hormuz could affect energy costs and farm exports.

BasisPointInsight.com - Has India’s Statistical Overhaul Clarified Growth — or Deepened the Puzzle? by BasisPoint Insight A new GDP base year lifts some numbers, trims others — but leaves a harder question: where is India’s growth really coming from? by BasisPoint Insight, BasisPointInsight.com

7/7 The full video is now live.
We are also publishing the complete Q&A transcript for those who prefer to engage with the details.

For policy watchers, market participants, economists and serious students of India’s growth story, this is essential viewing and reading.

#BasisPointInsight

BasisPointInsight.com - Why Exchange Rate Stability Matters More Than Ever for India by Michael Debabrata Patra As alarmist calls on the rupee clash with the IMF’s own labels, this piece asks why exchange rates matter, and why stability cannot be left to markets alone. by Michael Debabrata Patra, BasisPointInsi...

2/2 Former RBI Deputy Governor Michael Patra breaks it down in a powerful 6-part series on exchange-rate stability.

Part 1 is LIVE now on BasisPoint Insight — don’t miss it.
basispointinsight.com/Story/Home/w...

#FinancialStability #EconomicsExplained #BasisPointInsight #FinanceSeries

The Big Picture: Trump's Trade Deal: What India Gains and Loses in Agriculture

3/5 Key Discussion Points:
🔹Why there's no actual deal yet, just a framework

🔹India's import patterns for cotton, soybean oil, pulses and tree nuts

🔹GM crops, BT cotton and India's 22-year consumption reality

#Agriculture #BasisPointInsight

BasisPointInsight.com - Base-Year Syndrome in India’s Real GDP Growth by Barendra Kumar Bhoi High real GDP and low inflation reflect more statistical noise than economic strength. Outdated base years distort India’s growth picture and complicate policy choices. by Barendra Kumar Bhoi, BasisPo...

3/3 As India prepares to update the base year for CPI, IIP and GDP, the real picture may shift.

Read Barendra Kumar Bhoi’s analysis for BasisPoint: Base-Year Syndrome in India’s Real GDP Growth 👇

#PolicyInsight #BasisPointInsight

BasisPointInsight.com - A Rate Cut Now Could Strengthen India’s Growth Cushion by K. Srinivasa Rao With inflation at historic lows and growth surprising on the upside, the RBI may opt for a calibrated repo rate cut to protect India’s global position. by K. Srinivasa Rao, BasisPointInsight.com

3/3 Read K. Srinivasa Rao’s analysis for BasisPoint:
A Rate Cut Now Could Strengthen India’s Growth Cushion 👇

#MacroOutlook #EconomicSignals #BasisPointInsight

BasisPointInsight.com - Deregulation in an Age of Imperial Ambition by Srinath Sridharan Washington’s push to unwind post-crisis safeguards signals a deeper shift: political ambition overtaking regulatory discipline. As US institutions dilute standards they once enforced globally, the cre...

4/4 When institutions aren’t protected everywhere, they won’t hold anywhere.

Read @ssmumbai.bsky.social’s column for BasisPoint:
Deregulation in an Age of Imperial Ambition 👇

#BasisPointInsight

BasisPointInsight.com - Should India Consider FX Auctions? by Babuji K FX auctions helped Latin markets steady volatility. With sharper offshore swings hitting the rupee, India may benefit from adding them to its defence toolkit. by Babuji K, BasisPointInsight.com

5/5

Read Babuji K’s analysis for BasisPoint: Should India Consider FX Auctions?

#IndianEconomy #Rupee #ForexMarkets #RBI #FXStrategy #MarketVolatility #EmergingMarkets #GlobalMarkets #EconomicPolicy #BasisPointInsight

3/3
For the full picture read the analysis by Akshi Chawla for BasisPoint Insight: Festive Season Fails to Spur Jobs Market, Urban Unemployment Rises

basispointinsight.com/Story/Home/f...

#IndiaEconomy #JobsUpdate #UnemploymentRate #FestiveSeason2025 #basispointinsight

BasisPointInsight.com - Calm Hands Steer India Through Policy Storms by Kalyan Ram Dr. Michael Patra’s new book reveals the inner theatre of India’s central banking—from crisis firefighting to quiet reforms. by Kalyan Ram, BasisPointInsight.com

2/4 Over four decades at the Reserve Bank of India, he witnessed the institution’s transformation from a cloistered craft to a communicative public body, balancing science with judgment and stoicism with empathy.

#BasisPointInsight #CentralBanking #MonetaryPolicy #RBI #MichaelPatra #EconomicPolicy

BasisPointInsight.com - Self-Sufficiency Will Need More Than Just Pulses Mission  by G. Chandrashekhar Missions are okay, but India must modernise the whole production and marketing ecosystem to become self-sufficient in pulses. by G. Chandrashekhar, BasisPointInsight.com

₹114 billion can’t buy self-sufficiency.

India needs a full-system reboot - not another mission file.

Read G. Chandrashekhar's column for BasisPoint Insight:
Self-Sufficiency Will Need More Than Just Pulses Mission 👇

#Agriculture #India #Pulses #BasisPointInsight

BasisPointInsight.com - Raising Wheat’s MSP is Easy. What the Crop Needs is Real Reform by G. Chandrashekhar MSP hikes cannot mask wheat’s real troubles like heat stress, yield gaps, land limits and policy distortions. The crop demands bold, lasting reform. by G. Chandrashekhar, BasisPointInsight.com

2/2 India can’t fight climate volatility with price politics.

Read G. Chandrashekhar's column:
Raising Wheat’s MSP is Easy. What the Crop Needs is Real Reform

#ClimateRisk #Wheat #Agriculture #BasisPointInsight

BasisPointInsight.com - India’s Economic Balancing Act Faces Tariff and Oil Test by Alok Kumar Mishra, Iti Vyas RBI and government reforms aim to cushion growth, but crude and tariff shocks could tip India’s economy off its precarious tightrope. by Alok Kumar Mishra, Iti Vyas, BasisPointInsight.com

2/2 Read Alok Kumar Mishra & Iti Vyas's column:
India’s Economic Balancing Act Faces Tariff and Oil Test 👇

#Policy #India #Markets #BasisPointInsight

1/3 The mass migration of Indian engineers to Silicon Valley may slow, but that doesn’t mean the story ends. It may just change direction.

#India #Startups #Tech #H1B #BasisPointInsight

India’s growth needs credit. Credit needs capital.
But the Standardised Approach forces banks to hold too much.
A risk-based framework would free up capacity

Read the full analysis by Rahul Ghosh👇
basispointinsight.com/Story/Home/w...

#Banking #RiskManagement #CapitalAdequacy #BasisPointInsight

BasisPointInsight.com - When Ratings Lose Their Voice in Markets by V Thiagarajan Sovereign ratings once swayed markets. Today, investors treat them as lagging signals in a world where information moves faster than agencies. by V Thiagarajan, BasisPointInsight.com

Once the compass of global finance, sovereign ratings are now just the rear-view mirror. See why markets barely blink when agencies act.

Read the full article by Venkat Thiagarajan 👇

#SovereignRatings #Markets #CapitalFlows #BasisPointInsight

BasisPointInsight.com - Why Indian Banks Are Piling Capital Faster Than Assets Can Keep Up by Rahul Ghosh Indian banks are stockpiling capital at a breakneck pace. Strong profits help, but can this momentum sustain if India aims to double its credit-to-GDP?* by Rahul Ghosh, BasisPointInsight.com

Profits are building capital buffers today. But by 2030, Indian banks may face a $200 billion shortfall. Retained earnings won’t be enough. External capital could be unavoidable.

Read the full article by Rahul Ghosh 👇

#Banking #CapitalAdequacy #IndiaEconomy #BasisPointInsight

1/2 From the bond trading desks of the 1990s to the corner office of one of India’s largest AMCs — A. Balasubramanian’s journey is a lesson in resilience, risk management, and leadership.

#marketmakers #mutualfunds #leadership #investing #adityabirlasunlifeamc #basispointinsight

BasisPointInsight.com - Week in Numbers – Tracking India’s Economic Pulse by Datametricx India’s GDP growth in April-June surprises sharply on the upside, even as downside risks emerge from Trump’s punitive tariffs on India. by Datametricx, BasisPointInsight.com

2/2 Full breakdown by Datametricx 👇

#IndiaEconomy #FiscalDeficit #MutualFunds #Kharif #BasisPointInsight

Transit-Oriented Development Could Rescue Mumbai Alok Kumar Mishra, Mumbai’s floods are man-made. Transit-oriented growth can turn recurring monsoon misery into a model of resilience and equitable urban living.

The solution to Mumbai’s monsoon chaos isn’t more drains. It’s smarter planning. The city needs clear land-use visions with transit investments, supportive zoning, and creative finance.

Read Professor Alok Kumar Mishra full piece 👇

#TransitOrientedDevelopment #ClimateChange #BasisPointInsight

Can Varun Beverages’ Operational Heft Help Pepsi Hold Market Share in India? Krishnadevan V, PepsiCo bottler Varun Beverages battles intensifying competition as volumes fall 3% amid aggressive pricing pressure from Campa and Coke rivals.

India’s per capita soft drink consumption is just 12 litres a year.

Pepsi sees “opportunity”. Coke and Campa Cola see “open season”.
Who wins when the market itself is the prize?

Full piece by Krishnadevan V 👇

#Pepsi #VarunBeverages #CocaCola #CampaCola #ColaWars #IndiaEconomy #BasisPointInsight

Central Banks Swipe Right on Gold, Left on the Dollar R. Gurumurthy , India’s rising reserves mask a deeper truth, as the age of dollar monogamy gives way to messy multipolar dating games.

For decades, dollar was sine qua non to FX reserves. Not anymore.

The freeze on Russia’s billions triggers rethink on what “safe” really means. The shift is messy, political, and unavoidable.

Read R. Gurumurthy's full piece here 👇

#Dollar #Gold #GlobalFinance #Forex #BasisPointInsight

Atmanirbhar Bharat: Between Slogan and Substance Duvvuri Subbarao, Atmanirbhar Bharat has shown flashes of true resilience, yet risks sliding into protectionist déjà vu. India must decide if self-reliance means global ambition or insular retreat.

4/4 His essay is a timely reminder that self-reliance must mean confidence to compete globally, not the comfort of building walls at home.

Read the exclusive piece here 👇

#AtmanirbharBharat #EconomicPolicy #BasisPointInsight #IndiaGrowth #Modi

Atmanirbhar Bharat: Between Slogan and Substance Duvvuri Subbarao, Atmanirbhar Bharat has shown flashes of true resilience, yet risks sliding into protectionist déjà vu. India must decide if self-reliance means global ambition or insular retreat.

2/4 From the early triumphs of PPE kits and vaccines to the rise of mobile phone and defence exports, Atmanirbhar Bharat has had undeniable successes.

#AtmanirbharBharat #EconomicPolicy #BasisPointInsight #IndiaGrowth #Modi

1/4 Atmanirbhar Bharat: Between Slogan and Substance

Dr Duvvuri Subbarao, former Governor of the Reserve Bank of India, writes exclusively for BasisPoint Insight on the country’s pursuit of self-reliance.

#AtmanirbharBharat #EconomicPolicy #BasisPointInsight #IndiaGrowth #Modi

All That Glitters: Gold Reserves Surge in Challenge to Dollar’s “Exorbitant Privilege” Michael Debabrata Patra, Central banks are hoarding gold at record pace, hedging against dollar risk and geopolitical shocks. The yellow metal may not dethrone* the greenback yet, but it is back in th...

1/2 Gold is making a quiet but determined comeback in central banks’ vaults.

Over 1,000 tonnes bought every year since 2023. Meanwhile, the US dollar still commands nearly 90% of forex trades, holding a grip that no rival has yet broken.

Read 👇

#GlobalFinance #BasisPointInsight #Economy #Policy

India Risks Becoming Data Rich But Cognition Poor In The AI Era India must move beyond data sovereignty to build and own LLMs as critical infrastructure, ensuring true AI autonomy and cultural integrity.

2/2 Who controls meaning controls decision-making.

Read the article by Krishnadevan V via basispointinsight.com: basispointinsight.com/Story/Home/i...

#LLMIndia #AIEthics #DataLocalization #AIForBharat #CognitionCrisis #BasisPointInsight