opinion

OPINION | RBI may have announced the last rate cut in the current easing cycle

Any further rate easing from current levels would only be likely if there is a material downward undershooting in growth outcomes. However, interventions on the liquidity front may well continue

There’s a black hole where central banks’ theory of inflation should be

Old assumptions about expectations and targets can no longer be relied upon

OPINION | IndiGo Lessons for Core Infra Sector: Market concentration cripples Indian aviation

The IndiGo disruption illustrates how a duopolistic aviation sector can transmit private failure into national economic friction. India’s regulatory architecture remains reactive where it must become preventive

Quick Take | What does the 25 bps rate cut mean for India’s economy now?

With inflation at historic lows, the RBI finally opens the tap. The 25 bps cut signals support for growth, but the central bank isn’t throwing caution to the winds.

OPINION | Balasaheb Deoras: Key architect of RSS’ 100-year legacy

RSSFACTS: Balasaheb Deoras, the third Sarsanghchalak of RSS, shaped the organisation’s growth, championed social equality, introduced key reforms like morning shakhas, and left a lasting impact on RSS’ structure and outreach

The rote response to soaring tomato prices underlines the urgent need to reform India’s horticulture markets

The government's knee-jerk reaction to cyclone-driven tomato price spikes masks a systemic failure: a horticulture market where farmers get just 33% of retail prices and boom-bust cycles devastate both producers and consumers

Nvidia: Uneasy lies the head that wears the crown

Nvidia's dominance in AI chips has made it a trillion-dollar giant, but tech rivals and geopolitical pressures are now threatening its reign

India's structural transformation is raising potential growth — but only for some

India's impressive growth rates mask a stark reality: half of recent economic expansion comes from high-productivity sectors that employ barely one-eighth of the workforce

Chart of the Day: RBI forex intervention seems to lack REER input

REER shows the rupee is undervalued as of October

Taking stock – Growth up, prices down, RBI policy on edge

India's GDP growth of 8.2% masks underlying economic challenges, with nominal growth lagging, the RBI caught between rate cuts and rupee defence, and markets pricing in a potential earnings turnaround despite policy uncertainties

OPINION | Putin’s Delhi visit will strengthen bilateral ties

The outbreak of war in Ukraine and Russia’s isolation by the West created an opportunity for enhanced cooperation with India. That was seized and notwithstanding Trump’s threats, bilateral ties are set to deepen

OPINION | An exchange rate modified inflation target is called for

Such a policy can be operationalized by adding a quantitative clause to whatever inflation target measure or formula mandated

OPINION | India’s battle against terror will continue to be a cat-and-mouse game

Security successes in J&K have pushed terrorists to other parts of the country. With Pakistan using terror as a strategic tool, India needs to factor in its relations with neighbours and the US in dealing with this threat

OPINION | E-commerce exports emerge as another engine of growth

India’s goal of $200 billion in e-commerce exports by 2030 is increasingly realistic as digital channels deepen MSME participation in global value chains

Japan bond crisis – Calm before the storm?

As the yen carry trade unwinds, foreign investors withdraw funds from riskier emerging markets. An appreciating yen and portfolio outflows have already put downward pressure on the rupee

How executive pay went galactic

Elon Musk’s $1tn incentive plan supercharges a long history of rewards driving up executive pay

OPINION | Indian market stands apart amid global AI-driven rally

India has lagged the global AI-driven rally, but its domestically focused sectors and resilient flows provide diversification and relative stability if the crowded global AI trade reverses

Can India emerge as a counterweight to China in rare earth landscape?

Beijing knows that uncertainty is better than prohibition when controlling supply chains

Data Story | Domestic tourism is spicing up India's hotel sector across segments

Dependence on foreign tourists has waned. Differential in demand-supply of hotel rooms is likely to widen between FY25 and FY31 on the back of strong domestic travel

Is domestic solar manufacturing heading for a shake-out?

A higher efficiency threshold for solar module manufacturing is likely to favour vertically integrated players

Chart of the Day: Rupee depreciation to bring relief for Indian IT

While IT companies derive most of their revenues from overseas, a large portion of their expenditure is incurred in local currency

OPINION | City of Lakes, City of Loss: Remembering and reclaiming Bhopal

Forty-one years ago, the world’s worst industrial accident occurred this month in Bhopal. It catalysed the creation of a legal framework that made environment quality the focal point. Yet, as a Bhopalite observes, we are still a distance away from confidently saying “never again”

OPINION | EU–India FTA: Why structure must trump tariffs 

In today’s global economy, tariffs are no longer the decisive factor. Tax regimes and governance standards determine whether businesses can operate with predictability and trust