Notes from Vijay Gaba's Diary

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Wednesday, June 18, 2025

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  Where did we lose our way? My engagement with Indian financial markets began in the late 1980s, at a time when the winds of reform had j...
Tuesday, June 17, 2025

Israel-Iran Conflict: Implications for India’s Economy and Markets

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The Middle East is once again a tinderbox, with the escalating Israel-Iran conflict threatening to spiral into a broader global crisis. Unli...
Thursday, June 12, 2025

The world urgently needs a revival of statesmanship

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The recent violence in Los Angeles, California, stemming from protests against Immigration and Customs Enforcement (ICE) raids starting June...
Wednesday, June 11, 2025

The Indian economy – disconnect in growth statistics

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  While the 7.4% GDP growth number for 4QFY25, and claims of continuing strong growth momentum in April 2025 are encouraging, the RBI assess...
Tuesday, June 10, 2025

RBI makes a bold bet

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The Reserve Bank of India’s (RBI) monetary policy statement on June 6, 2025 marked a significant shift in India’s monetary policy framework,...
Thursday, June 5, 2025

The Indian economy – glass half empty

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The Indian economy has indubitably shown brilliant resilience and sustained the base growth rate of ~6%. In the current year FY26 also the r...
Wednesday, June 4, 2025

The Indian economy – glass half full

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Resilient growth despite disturbance and challenges The full year FY25 growth (6.5% vs 9.2% in FY24) came in line with the second advance ...
Tuesday, June 3, 2025

The state of the Indian economy

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The National Statistical Office (NSO) released provisional estimates (PE) of the annual growth statistics for the Indian economy, last Frida...