Ajay Shah

There is wisdom from history in managing the rupee

Opportunities are opening up in energy-intensive sectors

There will be a nonlinear adjustment in India's shift to renewables

Liberal democracies win conflicts through superior public finance

A familiar script plays out regularly with the government fighting rupee depreciation

The path to Indian economic success begins with a full reckoning of the costs of exchange-rate management

There is no single policy intervention that will alter this trajectory. We must assess the entirety of foreign firms' interaction with the Indian state

What matters is whether trade agreements make India a more open economy

When we go back to treaties, we should think more about how this will work out. It will help to have a pre-funded, ring-fenced pool to honour adverse awards

India should focus on AI talent, innovation and global integration rather than spending public funds on building a sovereign large language model, argue the authors

The 2026 oil shock is testing emerging economies, with fuel pricing, exchange-rate flexibility and inflation control set to determine growth outcomes

The last time the domestic private sector achieved a one-year gain of net fixed assets above 20 per cent in nominal terms was 2009-10

Japan now has a fully open capital account and a largely floating exchange rate, which absorbs external shocks

The decade of the 1970s provides us the reference point. The world experienced big jumps in prices of crude oil in 1973 and 1979

India's GST needs urgent reform as structural flaws-multiple rates, exemptions, and broken credit chains-continue to hurt growth, investment, and exports

A tenfold increase in the share of renewables in the total energy supply is needed

Inflation targeting plus floating exchange rate plus open capital account

Indian IT firms are not uniform entities. Specialised companies, such as Persistent or KPIT, have constructed moats based on deep domain knowledge and long-standing customer relationships

Amid political criticism, the India-US trade pact highlights how lower tariffs and deeper reforms could lift productivity and growth, if intent turns into binding change

And bigger problems await from policy bottlenecks that the Budget has left untouched