Ajay Shah

Despite weak listing gains and rising anger among retail investors, long-term data shows the IPO pipeline is healthier than ever, and heavy-handed regulation would do more harm than good

To understand the impact of any shock, we must first measure the system correctly. Aggregate export figures have noisy components

As the US dismantles its basic research engine, it creates a global crisis and a singular opportunity for India

Amid US-China trade tensions and economic vulnerabilities, India must seize the "China +1" opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth

We are losing touch with the soul of the indirect tax

The debate is being framed incorrectly as a tradeoff between speculation and investor protection

With American President Donald Trump's tantrums, some in India are ready to rethink the China relationship

The call for a single rate correctly identifies this multiplicity as a central problem

State action overhaul: Three policy suggestions

With seas rising and drainage failing, Mumbai's property market is heading for a climate reckoning that few investors or policymakers are truly prepared for

The Chinese elite has traditionally had a lofty disdain for India. You could argue that being five times bigger is a vast degree of superiority

By doing this, we sign on to the interests of the regime. There is a small matter of the interests of the people

The recent moves by the monetary policy committee, of cutting rates, are in the right direction, and should be seen in the larger context of macro policy

At an organisation like the RBI, the prestigious and powerful activities are monetary policy and banking. Bank deposits in India are about ₹220 trillion

Government procurement is, at its core, about expenditure efficiency

Chinese govt made important mistakes during pandemic. It chose to support Russia in its invasion of Ukraine in 2022. Embracing nationalism, it chose hostile behaviour against India in 2017 and 2020

Trump-era whispers of a 'Mar-a-Lago Accord' echo the 1985 Plaza Accord, but global realities, shifting alliances and a weaker dollar complicate any such grand bargain

Firms in India tend to be highly connected into the US economy through elite human networks

How should we make sense of this situation? What is the path ahead? Are we headed for a runaway climate change dystopia or can we do better?

How could we find our way out of this gloom to a happier scenario?