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Rupee volatility: Muzzle price signals if necessary but act to close onshore-vs-offshore market gaps

New Delhi, April 6 -- The Indian rupee lost 10% against the US dollar in 2025-26, making it one of the worst performances in emerging markets. March alone saw a 4.24% drop, the steepest in any single ... Read More


Ajit Ranade: India must free its youth from a degree trap to brighten their employment prospects

New Delhi, March 23 -- In 2011, a young male graduate earned about Rs.21,800 a month; a non-graduate Rs.9,000. By 2023, the graduate earned Rs.19,573 while the non-graduate Rs.10,507. Graduate earning... Read More


Ajit Ranade: India's stubbornly high PF payout rate is getting in the way of its monetary policy

New Delhi, March 9 -- Last week, the Central Board of Trustees (CBT) of India's Employees' Provident Fund Organisation (EPFO) fixed the fund's interest-rate payout at 8.25% for 2025-26, the third year... Read More


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