Governor Malhotra kept the easing cycle alive on Friday, yet his real objective may be to extract transmission rather than commit to another cut.
Kalyan Ram
Poonam Gupta
Recent data tell a story of two Indias – booming GDP growth and record-low inflation, yet struggling with anaemic industrial growth and rising external risks.
Datametricx
iStock.com
Goldilocks isn’t just a fairy tale; it’s India’s economic mood right now—“just right,” and more fragile than we think.
Kirti Tarang Pande
A look at Japan and China shows how familiar policy instincts can trap economies in slow-growth loops, even when policymakers believe they know better.
V Thiagarajan
IndiGo’s crisis saw domestic routes descend into chaos while high-margin international operations stayed largely protected, raising hard questions.
Srinath Sridharan
IndiGo’s chaos became a stress test for Indian aviation, exposing fragile oversight, furious flyers, and a sector running out of reputation to lose.
Minari Shah
Simply Aviation/Via WikiCommons
Dollar/rupee crossing 90 is less worrying than the tariff risks driving volatility, as India’s exporters face pressure from a prolonged dispute with Washington.
Manoj Rane
RBI will not defend rupee levels, only volatility. For India Inc, the message is blunt: hedge systematically and stop assuming a central-bank safety net.
Babuji K
Accommodative push contrasts with claims of strong growth and benign inflation
Dhananjay Sinha
The MPC cut rates despite the rupee’s wobble, signalling what policy has long implied. The currency is simply not a factor in the RBI’s rate calculus.
BasisPoint Groupthink
The MPC’s well-timed rate cut showed rare institutional clarity, reaffirming its inflation-targeting mandate and restoring flexibility to policy.
Sujit Kumar
Juvaida Khatun/Istock
A dovish rate cut on the surface masks a quiet hawkishness, as the RBI calibrates policy with a cautious eye on reflating a low-inflation economy.
R. Gurumurthy
Repo cut and liquidity infusion signalled the RBI’s deeper worry that growth momentum is softening despite strong headline numbers.
Rupa Rege Nitsure
The RBI’s rate cut reflects the end of an inflation cycle that began in 2022 and collapsed spectacularly in 2025.
RBI cut rates despite 8.2% growth, signalling it sees early softening beneath the headline and is using rare disinflation space to steady momentum and cool yields.
RBI Tweets
The uproar over Sanchar Saathi proved a simple truth: in digital governance, defaults signal power. When consent feels assumed, trust collapses instantly.
Private credit has grown into a vast, opaque engine of global finance, creating a blind spot where innovation surges but risk remains hard to see.
Via WikiCommons
BasisPoint Insight
wikicommons
The RBI’s December review must prioritise clear signalling and avoid June’s mistakes.
Richard Fargose
Michael Patra is an economist and former RBI Deputy Governor.
Arun is a seasoned writer on economic and policy matters.
Abheek is an Independent Economist and the Former Chief Economist at HDFC Bank.
Ajay Srivastava is the founder of the Global Trade Research Initiative.
Vijay, trade expert & ex-IRS officer, works with Deloitte India and Ashoka University’s ICPP.
Dhananjay, a D-School alum, is CEO and Co-Head of Equities at Systematix Group.
Kriti is a psychologist specialising in mental health, org behaviour, and brand strategy
Srinath is an author, corporate advisor, and independent director on corporate boards.
Ex-civil servant Chavaly held key Railways, Finance roles; specialises in infra & PPPs
Nilanjan Banik, Professor at Mahindra University, specialises in trade and development economics.
Sachin was till recently an MD with Standard Chartered Bank.
Rajesh Mahapatra is the former Editor of The Press Trust of India
Krishnadevan is Consulting Editor at BasisPoint Insight.
Chandra advises companies on big-picture narratives on strategy and markets.
Kalyan Ram co-founded Cogencis. He now leads BasisPoint Insight.
Gurumurthy is an ex-central banker who handled markets, and later, financial stability for RBI.
Lt Gen Syed Ata Hasnain is a former Commander of India’s Kashmir Corps.