A monologue on macroeconomics
The RBI’s FX intervention drains rupee liquidity over the short term. Sterilizing it with bond purchases and FX swaps has not been enough to offset the twin drains from higher import costs and portfolio outflows. This does not bode well for either the INR or domestic credit growth.
India’s ambitions in artificial intelligence demand a decisive break from digital service provision toward sovereign technology creation. This shift rests on three non-negotiables: robust data infrastructure, sustained R&D investment, and institutions purpose-built to reward innovation.
A real world avatar of your undergrad National Income Accounting (NIA) lesson starring the Indian economy. The book argues that maintaining eight percent GDP growth over the long term involves accepting slower growth in the short run. This is a pushback against calls to speed up growth to eight percent urgently and at all costs.
Macrologue 