Basispoint Insight
banner
basispointinsight.bsky.social
Basispoint Insight
@basispointinsight.bsky.social
Thought-provoking insights on the #economy & #markets | Deep research, actionable analysis.
1/2 Election-time freebies are straining state budgets as debt stays elevated, revenues lag and committed spending crowds out investment. Abhishek Dey parses the data from Bihar, Punjab and West Bengal to show how giveaways risk locking states into deeper borrowing and fiscal stress.
BasisPointInsight.com - Why State Finances are Feeling the Strain: A Case Study of Three States by Abhishek Dey
Election-time freebies are straining state budgets as debt stays elevated, revenues lag and committed spending crowds out investment. Case studies from Bihar, Punjab and West Bengal show how giveaways...
basispointinsight.com
December 18, 2025 at 9:22 AM
Rate cuts, benign inflation and strong growth optics should have eased yields. The bond market’s refusal to comply is a warning of deeper structural fault lines.

Read Madhavi Arora's analysis: India’s Bond Market Is No Longer Listening to the RBI 👇

#BondMarkets #YieldCurve #MonetaryPolicy
BasisPointInsight.com - India’s Bond Market Is No Longer Listening to the RBI by Madhavi Arora
Rate cuts, benign inflation and strong growth optics should have eased yields. The bond market’s refusal to comply is a warning of deeper structural fault lines. by Madhavi Arora, BasisPointInsight.co...
basispointinsight.com
December 18, 2025 at 6:24 AM
1/3 Annapurna Bhandar, a sweet shop in Delhi’s Chandni Chowk that’s served generations since 1929, faces closure after a legal setback over a justified hike in rent. It’s not just a business story—it’s the loss of a cultural landmark, a living piece of the city’s memory.
#UrbanEconomics #PublicGoods
BasisPointInsight.com - When Legacy is an Externality for a Commercial Ops, Who Should Pay to Sustain it? by TK Arun
As Annapurna Bhandar of Chandini Chowk faces closure, can Indian cities take a cue from Paris or San Francisco to protect legacy shops? by TK Arun, BasisPointInsight.com
basispointinsight.com
December 17, 2025 at 1:56 PM
1/2 India’s IPO boom is making headlines—but are we mistaking exits for growth?

Many recent listings have seen insiders cashing out while retail investors carry the risk. High valuations, minimal fresh capital, and post-listing underperformance point to a deeper structural issue.

#IPOMarket
BasisPointInsight.com - Why India’s IPO Boom is Raising More Questions Than Capital by R. Gurumurthy
Exit doors disguised as entry points: By the time the bell rings, the real money has already left the building. by R. Gurumurthy, BasisPointInsight.com
basispointinsight.com
December 17, 2025 at 12:02 PM
1/2 India’s unemployment dropped to its lowest level this fiscal in November, supported by increased rural hiring and greater participation by women. But key gaps remain.

#LabourEconomics #Unemployment #WorkforceParticipation #GenderGap
BasisPointInsight.com - Joblessness Hits Sub-5% after 8 Months; Youth and Urban Gender Gaps Persist by ​Akshi Chawla
India’s unemployment dipped to a fiscal low in November, aided by rural hiring and women’s participation. Yet some divides remain. by ​Akshi Chawla, BasisPointInsight.com
basispointinsight.com
December 16, 2025 at 8:15 AM
As 2025 ends, the Middle East remains in flux—Gaza quiet but unresolved, Iran under strain, Gulf cautious, and global powers navigating a region where pauses don’t mean peace.

Read Lt Gen Syed Ata Hasnain’s (Retd) year-ender for BasisPoint 👇

#Geopolitics #GlobalOrder #WestAsia #ConflictAnalysis
BasisPointInsight.com - The Middle East After Gaza: Strategic Stalemates and Uncertain Futures by Lt Gen Syed Ata Hasnain (Retd)
As 2025 ends, the Middle East remains in flux—Gaza quiet but unresolved, Iran under strain, Gulf cautious, and global powers navigating a region where pauses don’t mean peace. by Lt Gen Syed Ata Hasna...
basispointinsight.com
December 16, 2025 at 5:13 AM
1/3 Despite the RBI’s push for a customer-first approach, complaints are rising — over 1.3 million in 2024–25 alone. Why?

#IndianBanking #CustomerRights
BasisPointInsight.com - Will Customer Ever be the King in India? by Alpana Killawala
Despite RBI’s call for customer-first policies, rising complaints highlight gaps in service. Can better training, tech tools, and accountability improve India’s banking experience? by Alpana Killawala...
basispointinsight.com
December 16, 2025 at 4:38 AM
1/3 While a pilot shortage grounded hundreds of flights recently, Indian Railways keeps about 25 million passengers moving every day — without a single cancellation due to crew shortage.

#IndianRailways #SystemsThinking #OperationalResilience
BasisPointInsight.com - Crew Planning and Fatigue Management on Indian Railways: Why Trains Never Stop Running by Shubhranshu
Unlike airlines, Indian Railways never halts for crew shortages. Robust planning, training, and rest protocols ensure trains run safely, day and night, without disruption. by Shubhranshu, BasisPointIn...
basispointinsight.com
December 15, 2025 at 12:35 PM
1/2 Curating Playlists for Dopamine, Growth, and Disorder

From the RBI’s shift to a post-cycle policy regime and India’s curious growth–inflation mix, to trade dynamics with the US, Mexico, Canada, and Russia, the pieces this week trace an economy in recalibration.

#Policy #RBI #Economy #Trade
BasisPointInsight.com - Curating Playlists for Dopamine, Growth, and Disorder by Phynix
From RBI recalibration to trade shocks and tech risks, India’s economy is learning to balance growth, control, and chaos, much like curating the perfect playlist. by Phynix , BasisPointInsight.com
basispointinsight.com
December 15, 2025 at 11:40 AM
India’s IPO boom reflects domestic confidence, rising retail participation and improving market depth, writes former RBI Deputy Governor Michael Debabrata Patra. But exuberance, mispricing and volatility warrant caution.

Read Michael Debabrata Patra’s column for BasisPoint👇

#IPOMarket
BasisPointInsight.com - What Is India’s IPO Boom Telling Us? by Michael Debabrata Patra
The IPO boom reflects domestic confidence, rising retail participation and improving market depth. But exuberance, mispricing and volatility warrant caution. by Michael Debabrata Patra, BasisPointInsi...
basispointinsight.com
December 15, 2025 at 5:26 AM
1/3 India's stablecoin debate reveals more than a policy disagreement—it reflects a deeper tension between innovation and control. While the RBI warns that stablecoins serve “no purpose” beyond fiat money, the Finance Ministry signals strategic openness.

#Stablecoins #CBDC #DigitalMoney
BasisPointInsight.com - Stablecoins, CBDCs, and the RBI’s Selective Logic by R. Gurumurthy
In a world where money is becoming a networked technology, caution without engagement may itself become a source of vulnerability. by R. Gurumurthy, BasisPointInsight.com
basispointinsight.com
December 13, 2025 at 5:23 AM
China, facing US chip bans, doubled down on indigenous chipmaking—with success. If India leans on Intel instead of investing in homegrown R&D, it could miss its chance to replicate that model.

Read TK Arun’s column for BasisPoint 👇

#SemiconductorPolicy #TechSovereignty #IndustrialPolicy
BasisPointInsight.com - Why Intel’s Chip Deal May Undercut India’s Push for Self-Reliance by TK Arun
China, facing US chip bans, doubled down on indigenous chipmaking—with success. If India leans on Intel instead of investing in homegrown R&D, it could miss its chance to replicate that model. by TK A...
basispointinsight.com
December 12, 2025 at 1:12 PM
India’s 25 bps cut was the simple part.

The RBI’s shift to treating stance, liquidity and transmission as independent levers was the real signal.

Below-target inflation + structural frictions = a post-cycle regime.

Monetary policy now needs a new reading.

Read the full piece by Kalyan Ram👇

#RBI
BasisPointInsight.com - MPC Moves Signal the Arrival of a Post-Cycle Policy Regime by Kalyan Ram
Below-target disinflation, a structural liquidity pivot, and the RBI’s sharp separation of stance from liquidity signal a new level of complexity that requires a post-cycle reading. by Kalyan Ram, Bas...
basispointinsight.com
December 10, 2025 at 10:49 AM
1/2 Former MPC member Mridul Saggar warns that India’s so-called Goldilocks moment may actually be a lull before the storm.

Growth is surging, inflation has collapsed, data gaps persist and global financial risks are rising.

#Macroeconomics #GrowthOutlook #InflationDynamics #MonetaryPolicy
BasisPointInsight.com - Are We in the Goldilocks Scenario? by Mridul Saggar
India’s Goldilocks moment looks enticing, yet surging growth and vanishing inflation signal a fragile equilibrium, a lull before the storm. by Mridul Saggar, BasisPointInsight.com
basispointinsight.com
December 10, 2025 at 10:36 AM
1/3 What Breakdowns Teach Us About Building Better

IndiGo’s collapse, the rupee breaching 90, and a dovish RBI despite strong growth exposed how costly reactive governance can be.

#AviationCrisis #RupeeSlide
BasisPointInsight.com - What Breakdowns Teach Us About Building Better by Phynix
IndiGo’s meltdown, rupee jitters and RBI’s easing all underscored a bigger truth: India can’t afford reactive governance. It must build smarter, earlier. by Phynix , BasisPointInsight.com
basispointinsight.com
December 8, 2025 at 12:38 PM
1/2 The newly released US National Security Strategy isn’t a declaration of confidence—it’s a revealing window into American uncertainty.

#Geopolitics #USForeignPolicy #StrategicShifts #GlobalPower #IndoPacific #ChinaUS
BasisPointInsight.com - Power Without Certainty: America at a Strategic Crossroads by Lt Gen Syed Ata Hasnain (Retd)
A first view commentary on the new American National Security Strategy by Lt Gen Syed Ata Hasnain (Retd), BasisPointInsight.com
basispointinsight.com
December 8, 2025 at 7:13 AM
1/5 Former MPC member Ashima Goyal offers a sharp take on how India’s monetary policy has matured.

#MonetaryPolicy #RBI
December 8, 2025 at 5:29 AM
AI can turn PPPs into real-time, transparent systems that enable circular finance, recycle scarce public capital and draw long-term institutional investment.

Read former Finance Secretary @arvindmayaram.bsky.social's column for BasisPoint 👇

#Infrastructure #AI #PPPs #ClimateFinance #DataGovernance
BasisPointInsight.com - AI and Circular Capital are Redesigning the Future of PPPs by Arvind Mayaram
AI can turn PPPs into real-time, transparent systems that enable circular finance, recycle scarce public capital and draw long-term institutional investment. by Arvind Mayaram, BasisPointInsight.com
basispointinsight.com
December 8, 2025 at 4:55 AM
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.

Read BasisPoint’s Groupthink.👇

#RBI #RateCuts #RBIMPC #Rupee #MacroPolicy #IndiaEconomy
BasisPointInsight.com - RBI’s Rate Cut Shows Rupee is No Obstacle to Rate Cuts by BasisPoint Groupthink
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. by BasisPoint Groupthink, BasisPointInsight.com
basispointinsight.com
December 5, 2025 at 2:20 PM
RBI Governor Sanjay Malhotra kept the easing cycle alive on Friday, yet his real objective may be to extract transmission rather than commit to another cut.

Read Kalyan Ram’s column for BasisPoint👇

#RBI #RBIMPC #RateCuts #IndiaEconomy #MonetaryPolicy #GrowthSignals
BasisPointInsight.com - Malhotra Keeps Rate Cuts in Play, but Will He Move Again? by Kalyan Ram
Governor Malhotra kept the easing cycle alive on Friday, yet his real objective may be to extract transmission rather than commit to another cut. by Kalyan Ram, BasisPointInsight.com
basispointinsight.com
December 5, 2025 at 11:36 AM
1/2 The RBI’s December policy may look upbeat on the surface, but the combination of a repo rate cut, durable liquidity infusion and cautious language signals a deeper concern: growth momentum is softening even as headline numbers stay strong.

#IndiaEconomy #RBIPolicy #MonetaryPolicy
BasisPointInsight.com - Policy Reflects Growth Concerns by Rupa Rege Nitsure
Repo cut and liquidity infusion signalled the RBI’s deeper worry that growth momentum is softening despite strong headline numbers. by Rupa Rege Nitsure, BasisPointInsight.com
basispointinsight.com
December 5, 2025 at 9:29 AM
1/2 The real story of the Reserve Bank’s December decision isn’t the rate cut — it’s the end of the inflation cycle that began in 2022 and finally broke in 2025. India has crossed a macro threshold, and the policy move quietly acknowledges it.

#MonetaryPolicy #InflationShift
BasisPointInsight.com - Goodbye Inflation, See You in Next Cycle by BasisPoint Groupthink
The RBI’s rate cut reflects the end of an inflation cycle that began in 2022 and collapsed spectacularly in 2025. by BasisPoint Groupthink, BasisPointInsight.com
basispointinsight.com
December 5, 2025 at 8:25 AM
1/4
Is the Ukraine war quietly morphing into a Western recalibration rather than a pathway to peace?
BasisPointInsight.com - Ukraine, NATO and the Limits of Power: Is the West Facing a Strategic Climbdown? by Lt Gen Syed Ata Hasnain (Retd)
For India, the strength lies in remaining strategically balanced — neither celebrating Russia’s endurance nor mourning Western recalibration. by Lt Gen Syed Ata Hasnain (Retd), BasisPointInsight.com
basispointinsight.com
December 4, 2025 at 6:31 AM
1/5 India’s push to bring private capital into nuclear energy was meant to break a decades-old bottleneck.

#NuclearPolicy #IndiaEnergy #SMRTech
BasisPointInsight.com - The Nuclear Crossroads: An Inflexion Point or a Dead-end? by Sharmila Chavaly
India’s nuclear opening was meant to unlock private capital, yet its first pilot has exposed deep structural flaws. The country now faces a choice between engineering a breakthrough or entrenching a d...
basispointinsight.com
December 3, 2025 at 1:54 PM
1/2 Any debate on the SLR must be grounded in the political and fiscal realities that shape our financial system, not in abstract theories of deregulation.

#SLR #BankingPolicy #RBI
BasisPointInsight.com - Rethinking SLR Through India’s Political Reality by Srinath Sridharan
Any debate on the SLR must be grounded in the political and fiscal realities, not in abstract theories of deregulation. And any rethink must acknowledge that liquidity reserving is not an Indian anoma...
basispointinsight.com
December 3, 2025 at 7:47 AM