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Basispoint Insight

@basispointinsight.bsky.social
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Thought-provoking insights on the #economy & #markets | Deep research, actionable analysis.

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Basispoint Insight @basispointinsight.bsky.social · 12/10/2026
1/6 The Reserve Bank of India has just raised interest rates and shifted its monetary policy stance to calibrated tightening. But is the central bank confronting an inflation problem that conventional monetary policy is no longer equipped to handle? #MonetaryPolicy⁠
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Basispoint Insight @basispointinsight.bsky.social · 26/09/2026
1/4 Does India need an economic reset on freebies? How should Indian businesses approach the Chinese market? #IndiaGrowthStory #DataSanctity #NitiAayog #Democracy
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Basispoint Insight @basispointinsight.bsky.social · 25/09/2026
1/6 Setting the repo rate is only the beginning. The harder part is getting that signal through the financial system and into the real economy. #BasisPointInsight #MichaelPatra
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Basispoint Insight @basispointinsight.bsky.social · 14/09/2026
1/5 Why are bond yields refusing to come down? In his latest column, former RBI Deputy Governor Michael Debabrata Patra looks at the global sell-off in sovereign debt and the signals markets may be sending about fiscal credibility, inflation and the growing competition for capital. #BondYields
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Basispoint Insight @basispointinsight.bsky.social · 14/09/2026
1/2 VW has been in India for nearly two decades. As the German carmaker is set to enter its second decade in India, it has wagered a fateful bet by relinquishing the wheel to the JSW Group which will hold a commanding 51% stake. #VolkswagenIndia #JSW #IndianAutoIndustry
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Basispoint Insight @basispointinsight.bsky.social · 09/09/2026
1/7 The RBI was accused of sacrificing growth to tame inflation. Michael Patra argues that the revised GDP numbers challenge that verdict. #IndiaGDP
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Basispoint Insight @basispointinsight.bsky.social · 07/09/2026
1/5 GDP tells us how much an economy produces. It does not tell us enough about inequality, unpaid work, environmental damage, well-being or whether growth is improving people’s lives. That is the thinking behind UN Secretary-General António Guterres’ push to move Beyond GDP. #BeyondGDP
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Basispoint Insight @basispointinsight.bsky.social · 26/08/2026
1/5 India’s retail traders lost ₹3.85 trillion in futures and options over five years. That number tells a larger story about how derivatives have changed. #FuturesAndOptions
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Basispoint Insight @basispointinsight.bsky.social · 25/08/2026
1/5 Global growth forecasts are quietly being revised upward even as war in West Asia drags on; the IMF now expects 3.0% growth in 2026, and S&P has raised its estimate for two straight months. AI investment is being credited as an offsetting force. #EconomicResilience
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Basispoint Insight @basispointinsight.bsky.social · 24/08/2026
1/4 AI in banking can sharpen risk detection — or synchronize the entire system's failure. #AIinBanking
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Basispoint Insight @basispointinsight.bsky.social · 06/08/2026
1/6 Former RBI Deputy Governor Michael Debabrata Patra argues that market exchange rates may be understating India's true economic size. #PurchasingPowerParity
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Basispoint Insight @basispointinsight.bsky.social · 06/08/2026
1/5 Can the RBI keep defending the rupee indefinitely? Or is the real challenge no longer monetary policy? @arvindmayaram.bsky.social #ReserveBankOfIndia
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Basispoint Insight @basispointinsight.bsky.social · 05/08/2026
1/6 What has India’s decade of flexible inflation targeting taught us about how monetary policy should work when the economy is hit by shocks? #RBI #Inflation
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Basispoint Insight @basispointinsight.bsky.social · 18/07/2026
1/10 India is building infrastructure at an unprecedented pace. Metros, expressways, airports, flyovers and smart cities have become symbols of development. Yet many of our urban problems seem only to grow more complex. Pic Credit: Uttar Pradesh Metro Rail Corporation Limited #CitiesForPeople
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Basispoint Insight @basispointinsight.bsky.social · 01/07/2026
1/4 Inflation is not back in full force. The fear of being late is. That may be the real message from central banks this June. #PolicyCredibility #MichaelPatra
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Basispoint Insight @basispointinsight.bsky.social · 29/06/2026
1/9 The RBI’s record surplus transfer made the headlines. But the real story is in the accounting beneath it.
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Basispoint Insight @basispointinsight.bsky.social · 25/06/2026
1/6 How do monetary policy regimes collapse—and what replaces them? #BasisPointInsight #MichaelPatra
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Basispoint Insight @basispointinsight.bsky.social · 23/06/2026
1/4 India may soon become the world’s third-largest economy. But the rupee is asking a harder question: has India become stronger, or merely larger? #InstitutionalTrust
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Basispoint Insight @basispointinsight.bsky.social · 10/06/2026
1/4 At a time when large sections of the workforce remain concentrated in low-productivity and insecure employment, Karnataka's decision to raise minimum wages by 60% assumes significance. #GrowthCompact
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Basispoint Insight @basispointinsight.bsky.social · 10/06/2026
1/8 Energy Security in an Age of Frozen Conflicts A new essay by former RBI Deputy Governor Michael Debabrata Patra examines one of the most underappreciated vulnerabilities facing India today:energy security in a world increasingly defined by prolonged geopolitical conflicts and supply disruptions.
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Basispoint Insight @basispointinsight.bsky.social · 09/06/2026
1/2 Karnataka’s move to hike minimum wages by 60% is a welcome move for over 10 million workers in the state, but enterprises fear they won’t be able to afford the hike. #LabourPolicy #InclusiveGrowth #MSMEs
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Basispoint Insight @basispointinsight.bsky.social · 29/05/2026
1/3 India’s bond market needs reform beyond technical fixes. The larger challenge is to reduce dependence on bank-led infrastructure finance and build deeper capital markets that can price risk, improve liquidity and recycle long-term savings into new projects. #FinancialArchitecture
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Basispoint Insight @basispointinsight.bsky.social · 25/05/2026
1/4 The rupee cannot be defended by the RBI alone. The central bank can smooth volatility and prevent disorderly depreciation. But it cannot restore confidence if markets see India’s policy response as reactive. #CurrencyStability #ExternalFragility
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Basispoint Insight @basispointinsight.bsky.social · 23/05/2026
1/4 How India’s 2015 Model BIT Hurt Investor Confidence India wants stable, long-duration foreign capital. But its investment treaty framework may be sending the opposite signal. #InvestmentTreaties #PolicyCredibility
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Basispoint Insight @basispointinsight.bsky.social · 15/05/2026
1/2 India’s water crisis is no longer just an environmental issue. It is becoming a macroeconomic, food security and urban survival challenge. #WaterCrisis #ClimateRisk #India #WaterSecurity
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Basispoint Insight @basispointinsight.bsky.social · 14/05/2026
1/3 India’s macro anxieties are beginning to look uncomfortably familiar. A weakening rupee, rising oil prices, widening external pressures and renewed concern over gold imports are reviving memories of the 2012–14 balance-of-payments stress. #BalanceOfPayments #ExternalFragility
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Basispoint Insight @basispointinsight.bsky.social · 11/05/2026
1/5 India’s external-sector debate can no longer revolve only around “safe” current account deficit thresholds. In a new essay for BasisPoint Insight, former RBI Governor Duvvuri Subbarao argues that the larger challenge is the changing nature of global capital itself. #India #RBI
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Basispoint Insight @basispointinsight.bsky.social · 05/05/2026
1/6 India's digital finance has scaled rapidly, but risks are evolving just as fast. #DigitalFinance #Fintech
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Basispoint Insight @basispointinsight.bsky.social · 05/05/2026
1/4 India’s AI ambition is not constrained by compute or talent, but by the quality of its data systems. Despite being data-rich, the country remains intelligence-poor, with fragmented, inconsistent, and siloed datasets limiting the effectiveness of AI deployment in governance. #DataSystems
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Basispoint Insight @basispointinsight.bsky.social · 25/04/2026
1/6 𝐃𝐢𝐠𝐢𝐭𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐞𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐚𝐜𝐜𝐞𝐬𝐬, 𝐛𝐮𝐭 𝐢𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐲𝐞𝐭 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐨𝐮𝐭𝐜𝐨𝐦𝐞𝐬. #DigitalFinance #FinancialInclusion
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Basispoint Insight @basispointinsight.bsky.social · 15/04/2026
1/3 Green finance is not failing for lack of innovation. It is failing because the system it operates in is misaligned. We have built more instruments than ever before, yet the financing gap persists. #GreenFinance #ClimatePolicy #CapitalFlows
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Basispoint Insight @basispointinsight.bsky.social · 15/04/2026
1/6 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐢𝐬 𝐧𝐨 𝐥𝐨𝐧𝐠𝐞𝐫 𝐣𝐮𝐬𝐭 𝐚𝐧 𝐢𝐧𝐩𝐮𝐭, 𝐢𝐭 𝐢𝐬 𝐛𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐥𝐞𝐚𝐫𝐞𝐬𝐭 𝐫𝐞𝐚𝐥-𝐭𝐢𝐦𝐞 𝐬𝐢𝐠𝐧𝐚𝐥 𝐨𝐟 𝐡𝐨𝐰 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐞𝐬 𝐚𝐫𝐞 𝐞𝐯𝐨𝐥𝐯𝐢𝐧𝐠. #EnergyTransition
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Basispoint Insight @basispointinsight.bsky.social · 10/04/2026
1/3 RBI may be on pause, but the policy signal is shifting beneath the surface. The repo rate at 5.25% is expected to hold through 2026-27, yet what once looked like a pause with easing bias is now tilting the other way—the next move, whenever it comes, is more likely a hike than a cut. #Macro
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Basispoint Insight @basispointinsight.bsky.social · 10/04/2026
1/6 𝐓𝐡𝐞 𝐑𝐁𝐈’𝐬 𝐏𝐨𝐥𝐢𝐜𝐲 𝐇𝐚𝐬 𝐚 𝐏𝐥𝐨𝐭 𝐁𝐞𝐧𝐞𝐚𝐭𝐡 𝐭𝐡𝐞 𝐎𝐛𝐯𝐢𝐨𝐮𝐬 𝐒𝐜𝐫𝐢𝐩𝐭 By Phynix Do you ever fall into those YouTube rabbit holes where someone dissects a film frame by frame and suddenly what felt straightforward becomes impossibly intricate? #RBI #CentralBanking
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Basispoint Insight @basispointinsight.bsky.social · 10/04/2026
1/2 Reserve Bank of India is nudging the system toward a more anticipatory view of risk. The shift is subtle but important—away from reacting to isolated shocks and toward understanding how risks evolve, interact and embed themselves across balance sheets over time. #FinancialStability #RBI #MPC
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Basispoint Insight @basispointinsight.bsky.social · 09/04/2026
1/2 𝐖𝐡𝐞𝐧 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲 𝐫𝐢𝐬𝐞𝐬, 𝐜𝐞𝐧𝐭𝐫𝐚𝐥 𝐛𝐚𝐧𝐤𝐬 𝐝𝐨 𝐧𝐨𝐭 𝐦𝐨𝐯𝐞 𝐟𝐚𝐬𝐭𝐞𝐫. 𝐓𝐡𝐞𝐲 𝐦𝐨𝐯𝐞 𝐦𝐨𝐫𝐞 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲. In his latest for BasisPoint, former RBI ED & MPC member 𝐌𝐫𝐢𝐝𝐮𝐥 𝐒𝐚𝐠𝐠𝐚𝐫 argues the April policy reflects restraint. #RBI #MonetaryPolicy
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Basispoint Insight @basispointinsight.bsky.social · 09/04/2026
1/3 Reserve Bank of India may be on pause, but the risks are anything but. The current energy shock is not just a price story—it is feeding into expectations, costs and eventually broader inflation dynamics. As long as supply disruptions dominate, policy can afford patience. #RBI #IndianEconomy
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Basispoint Insight @basispointinsight.bsky.social · 09/04/2026
1/3 Reserve Bank of India dialled down market anxiety, but without locking itself into a path. #RBI #MonetaryPolicy #MarketSentiment
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Basispoint Insight @basispointinsight.bsky.social · 06/04/2026
1/15 𝐓𝐡𝐞 𝐫𝐮𝐩𝐞𝐞 𝐝𝐞𝐛𝐚𝐭𝐞 𝐞𝐧𝐝𝐬 𝐡𝐞𝐫𝐞. In the final part of his six-part FX series for Basispoint, 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐃𝐞𝐛𝐚𝐛𝐫𝐚𝐭𝐚 𝐏𝐚𝐭𝐫𝐚 reframes the question, this is not volatility, this is policy design.
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Basispoint Insight @basispointinsight.bsky.social · 01/04/2026
1/2 India’s energy policy is trying to move in two directions at once. One push doubles down on gas pipelines and fossil infrastructure. The other commits to an electro-state future built on renewables, grids and electrification. Both cannot define the same decade. #EnergySecurity #Geopolitics
Jamnagar-Loni LPG pipeline
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Basispoint Insight @basispointinsight.bsky.social · 30/03/2026
1/4 𝐈𝐧𝐝𝐢𝐚 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐛𝐞 𝐢𝐧 𝐚 𝐟𝐮𝐥𝐥-𝐛𝐥𝐨𝐰𝐧 𝐜𝐫𝐢𝐬𝐢𝐬 𝐲𝐞𝐭, 𝐛𝐮𝐭 𝐭𝐡𝐞 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞𝐬 𝐚𝐫𝐞 𝐛𝐞𝐠𝐢𝐧𝐧𝐢𝐧𝐠 𝐭𝐨 𝐚𝐥𝐢𝐠𝐧 𝐢𝐧 𝐰𝐚𝐲𝐬 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐡𝐚𝐫𝐝 𝐭𝐨 𝐢𝐠𝐧𝐨𝐫𝐞. Rising oil prices, a weakening rupee, imported inflation and supply-side stress are tightening the macro environment, even as policy remains active but largely defensive.
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Basispoint Insight @basispointinsight.bsky.social · 23/03/2026
1/4 India’s climate debate often defaults to a familiar explanation: weak capacity, fragmented institutions, poor execution. It sounds right. It is also incomplete. #ClimateEconomics #ClimatePolicy
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Basispoint Insight @basispointinsight.bsky.social · 16/03/2026
1/7 𝐇𝐨𝐰 𝐬𝐡𝐨𝐮𝐥𝐝 𝐭𝐡𝐞 𝐑𝐁𝐈 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐢𝐭𝐬 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞-𝐫𝐚𝐭𝐞 𝐭𝐨𝐨𝐥𝐤𝐢𝐭 𝐢𝐧 𝐚 𝐦𝐨𝐫𝐞 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐞 𝐰𝐨𝐫𝐥𝐝? In 𝐏𝐚𝐫𝐭 𝐈𝐕 𝐨𝐟 𝐡𝐢𝐬 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐅𝐗 𝐩𝐨𝐥𝐢𝐜𝐲 𝐬𝐞𝐫𝐢𝐞𝐬, former RBI Deputy Governor 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐃𝐞𝐛𝐚𝐛𝐫𝐚𝐭𝐚 𝐏𝐚𝐭𝐫𝐚 moves from diagnosis to 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲. #RBI #fxmarkets #ExchangeRate
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Basispoint Insight @basispointinsight.bsky.social · 14/03/2026
1/2 Can India turn part of its $130 billion oil import bill into infrastructure finance? #EnergySecurity #OilDiplomacy #InfrastructureFinance #Geoeconomics #GlobalEnergy
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Basispoint Insight @basispointinsight.bsky.social · 11/03/2026
1/7 𝐖𝐡𝐞𝐧 𝐫𝐞𝐩𝐮𝐭𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐜𝐫𝐚𝐜𝐤𝐬 𝐚𝐩𝐩𝐞𝐚𝐫, 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥 𝐜𝐨𝐬𝐭𝐬 𝐨𝐟𝐭𝐞𝐧 𝐞𝐦𝐞𝐫𝐠𝐞 𝐰𝐞𝐥𝐥 𝐛𝐞𝐲𝐨𝐧𝐝 𝐭𝐡𝐞 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫’𝐬 𝐟𝐢𝐧𝐞 IndiGo’s sudden leadership change has reopened an important governance question in India’s aviation sector. #Aviation #CorporateGovernance
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Basispoint Insight @basispointinsight.bsky.social · 02/03/2026
1/3 Escalation Pathways and Strategic Risk in the Middle East The killing of Iran’s Supreme Leader marks a shift from deterrence to strategic shock. This is no longer signalling — it is decapitation. Yet regime removal is not regime collapse. The IRGC remains intact. Proxies remain active.
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Basispoint Insight @basispointinsight.bsky.social · 25/02/2026
1/3 Can South Asia afford to remain one of the least economically integrated regions in the world? With nearly one-fifth of humanity and a combined GDP above $5 trillion, why does intra-regional trade remain around just 5% — far below ASEAN or the EU? #SouthAsianCommonMarket
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Basispoint Insight @basispointinsight.bsky.social · 24/02/2026
1/2 Is the rupee really in free fall — or being carefully managed? Markets panic. The IMF labels it a “crawl.” But what’s actually happening behind the scenes? #IndianRupee #USDINR #MichaelPatra #RBIPerspective #ExchangeRatePolicy #IndianEconomy #MacroIndia #CurrencyMarkets
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Basispoint Insight @basispointinsight.bsky.social · 17/02/2026
4/4 Read the full analysis by Akshi Chawla for BasisPoint Insight basispointinsight.com/Story/Author...
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Basispoint Insight @basispointinsight.bsky.social · 17/02/2026
3/4 Seasonal slowdown, says the Ministry of Statistics and Programme Implementation.
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