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Ajit Ranade: What's behind India's cash upshoot and what does it tell us about the economy?

New Delhi, Feb. 23 -- India is currently running two payment systems in parallel. On one side is its gleaming showcase, UPI, with 21.7 billion transactions in January 2026 worth Rs.28.33 trillion in v... Read More


Ajit Ranade: We should welcome the India-US trade agreement but need to parse the fine print

New Delhi, Feb. 8 -- Markets love certainty, or rather its appearance. That is why our equity market cheered the announcement of an interim India-US trade deal framework even though the 'fine print' i... Read More


Ajit Ranade: By betting on capabilities, the budget takes a long view on India's growth

New Delhi, Feb. 2 -- The macroeconomic numbers for India's economy would be the envy of others. Quarterly growth has been showing steady upward momentum and inflation is ruling at remarkably low level... Read More


Beyond the Goldilocks glow: Budget priorities on 1 February

New Delhi, Jan. 30 -- India goes into the Union budget with what looks like a "Goldilocks" macro mix: growth is steady, inflation seems under control, the fiscal glide path is intact, and sovereign ra... Read More


Heed Gita Gopinath's warning from Davos: Pollution is silently taxing India's health and growth

New Delhi, Jan. 26 -- When Harvard Professor Gita Gopinath told a Davos audience that pollution costs India more dearly than tariffs, she wasn't being provocative. She was making a strictly economic p... Read More


Ajit Ranade: India's budget should sort out GST's input tax credit system to perk up private investment

New Delhi, Jan. 14 -- India faces a paradox today. Its GDP growth is among the fastest in the world, public capital expenditure has surged and corporate balance sheets are healthier than they have bee... Read More


Taiwan's universal cash handout: Its economic rationale holds a lesson for similarly placed India

New Delhi, Dec. 28 -- For 2025, Taiwan's GDP growth of more than 7% is the fastest in more than a decade, powered by a boom in semiconductors, AI servers and electronics exports. Yet, private consumpt... Read More


We can't rely on capital inflows for rupee stability anymore: India's economic model needs to change

New Delhi, Dec. 15 -- India presents a macroeconomic paradox today. GDP growth is among the fastest in the world, inflation is nearly zero and the fiscal deficit is in check. Yet the Indian rupee is A... Read More