1/3 𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐬 𝐰𝐡𝐞𝐧 𝐚𝐧 𝐨𝐢𝐥 𝐬𝐡𝐨𝐜𝐤 𝐡𝐢𝐭𝐬 𝐛𝐨𝐭𝐡 𝐬𝐮𝐩𝐩𝐥𝐲 𝐚𝐧𝐝 𝐩𝐫𝐢𝐜𝐞 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐭𝐢𝐦𝐞?
The current West Asia crisis sits uncomfortably between the Russia-Ukraine spike and the Covid supply shock, raising inflation risks even as growth faces disruption.
#IndiaMacro #RBIWatch #OilShock
4/5 The real question is whether demand will rise enough to justify large new capacity creation. Until utilisation moves decisively above critical thresholds, public spending is likely to remain the primary engine of growth. Crowding-in is possible. But it is not automatic.
#IndiaMacro
4/4 Read Barendra Kumar Bhoi’s column for BasisPoint: New CPI Base Year Improves Confidence for Bold Policy Initiatives 👇
#IndiaMacro
4/4 Governing prosperity demands anticipatory discipline, not reactive repair. India’s ascent will depend less on how fast it grows — and more on how prudently it manages success.
Read Anupam Sonal’s column for BasisPoint: India’s Next Growth Phase Needs Regulatory Courage 👇
#IndiaMacro
4/4 Derivatives amplify markets; they do not create them.
Read R. Gurumurthy’s column for BasisPoint: Will Total Return Swaps Rescue India’s Corporate Bond Market? 👇
#FinancialPlumbing #IndiaMacro
5/6 🔹Modern market making is procyclical by design
🔹Without repo depth, hedging tools, and credible backstops, quotes will evaporate in stress
Liquidity is not a UI feature. It is a funding commitment.
#CapitalMarkets #IndiaMacro
4/4 Are we prioritising real digital sovereignty, or just playing host, with little control over the data or technology that matters?
Read TK Arun’s column for BasisPoint: We Don’t Need No Data-Centre Coddling 👇
#IndiaMacro
4/4 Read R Gurumurthy’s column for BasisPoint:
Who Gets to Decide What Healthcare You Deserve?
#MedicalGovernance #IndiaMacro
2/2 While it may introduce efficiency costs, it sets the foundation for cleaner corporate exits and aligns buyback incentives with shareholder structure.
Read Chandrika Soyantar’s column for BasisPoint: The Governance Shift in India’s Buyback Tax 👇
#CapitalMarkets #IndiaMacro
3/3 Read the full analysis by Shubhada Rao, Vivek Kumar, and Yuvika Singhal: Monetary Policy, Liquidity, and the Road Hereafter
#PolicyTransmission #IndiaMacro
4/4 Read Sharmila Chavaly’s analysis: Building Boxes in a Storm
#Manufacturing #GlobalTrade #IndiaMacro
3/3 It's not just about fixing liquidity gaps; it's about preserving choice, stability, and diversity in India’s banking ecosystem.
Read why now is the moment to act — before the funding stress becomes systemic. 👇
#HouseholdSavings #IndiaMacro
2/2 Read Srinath Sridharan’s column for BasisPoint:
RBI’s First Step Timely, But Guardrails Needed to Prevent Gaming of Fraud
@ssmumbai.bsky.social
#MPC #RBIPolicy #IndiaMacro
5/5 In this piece for BasisPoint Insight, Shailendra Jhingan examines why transmission remains constrained, how liquidity operations are shaping market outcomes, and what policy levers may need reconsideration as credit demand rises and deposit growth lags.
#IndiaMacro
Read Dhananjay Sinha's column for BasisPoint:
RBI Signals the End of Easing as Markets Begin to Question Comfort 👇
#PolicyCredibility #IndiaMacro
2/2 Read Meghna Bal’s column for BasisPoint: Tiger Global and the Conception of Economic Freedom in India 👇
#EconomicFreedom #RuleOfLaw #TaxCertainty #IndiaMacro
A low-key Budget proposal on total return swaps could transform India’s corporate bond market if regulators align infrastructure, liquidity and risk appetite in time.
Read Karan Mehrishi’s column for BasisPoint 👇
#Budget2026 #CorporateBonds #DebtMarkets #MarketInfrastructure #IndiaMacro
2/2 Read Emkay Global Financial Services Chief Economist Madhavi Arora’s column for BasisPoint:
Liquidity Is Plenty, Confidence Is Scarce 👇
#MonetaryPolicy #Liquidity #PolicyTransmission #IndiaMacro
2/2 With growth resilient, inflation contained, and liquidity abundant, further easing could backfire—hurting margins, pressuring the rupee, and weakening credit intermediation.
Kembai Srinivasa Rao writes for BasisPoint: RBI’s Easiest Decision May Be to Do Nothing 👇
#MonetaryPolicy #IndiaMacro
2/2 Why has the RBI’s massive liquidity infusion failed to ease financial conditions—and what does it take to fix it?
Read IDFC First Bank Chief Economist Gaura Sen Gupta’s column for BasisPoint: Solving RBI’s Liquidity Conundrum
#MonetaryPolicy #IndiaMacro
2/2 This isn't just about one fund, it’s about credibility. Investors need clarity, not second-guessing. It’s up to the government to set it right.
Read TK Arun’s column for BasisPoint — Grandfathered, Then Burned: Why the Government Must Lead the Tiger Appeal
#PolicyCredibility #IndiaMacro
3/3 Until the overnight rate is anchored, the yield curve will resist RBI’s signals.
Read D. Tripati Rao and Ritesh Gupta’s column for BasisPoint: RBI’s Rate-Cut Problem Is Not the Cut — It Is the Plumbing 👇
#RBI #IndiaMacro
4/4 India is not facing a crisis. Yet markets price coherence as much as intent. Higher yields, currency sensitivity, and fragile confidence are converging at a point when conventional policy ammunition is already partly spent.
Read R Gurumurthy’s column for BasisPoint 👇
#IndiaMacro
3/3 In an era of permanent volatility, managing arithmetic is no longer enough, what we need is economic statecraft.
Read former Finance Secretary Arvind Mayaram’s column for BasisPoint: Incremental Ambition in an Age Demanding Structural Reset 👇
@arvindmayaram.bsky.social
#IndiaMacro
From microwave parts to shoe uppers, the Budget signals selective interventionism—favouring item-level tweaks over broad industrial reform.
Read Sharmila Kantha’s column for BasisPoint 👇
#Budget2026 #IndustrialPolicy #Manufacturing #PolicyExecution #IndiaMacro
Major equity indices fell nearly 2% post Budget presentation on Sunday. The equity market would soon, however, realise fair deliveries of the Budget.
Read Chokkalingam G’s analysis for BasisPoint 👇
#Budget2026 #MarketSentiment #FiscalPrudence #IndiaMacro
2/2 The real test? Implementation. With tools like the Output-Outcome Framework and tracking of past announcements, this Budget shows intent to close the gap between promise and delivery.
Read Vijay Chauhan’s analysis for BasisPoint 👇
#FiscalGovernance #IndiaMacro
2/2 Read N R Bhanumurthy’s column for BasisPoint:
A Fiscally Prudent and Reform-Oriented Budget 👇
#FiscalPrudence #CapitalExpenditure #EconomicReforms #IndiaMacro
3/3 Meeting deficit targets is an important milestone. Ensuring that fiscal discipline strengthens, rather than constrains, medium-term growth capacity is the more enduring test.
Read Rajesh Mahapatra’s column for BasisPoint 👇
#FiscalDeficit #StateFinances #PublicFinance #IndiaMacro
3/3 Read former Finance Secretary Arvind Mayaram’s column for BasisPoint: Fiscal Federalism, Transfers, and the Case for an Independent Anchor
@arvindmayaram.bsky.social
#PublicFinance #IndiaMacro
