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Original analysis, derived from public data. India-anchored.

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A close-up pile of Indian 500-rupee banknotes bearing the Reserve Bank of India seal

Business

India's Fastest Growing Household Loans Are Not for Homes

Household debt is climbing, but the RBI's own numbers show gold loans and small fintech loans are doing the growing, not mortgages. Housing debt is shrinking as a share of the total and getting safer, while the loans replacing it default at far higher rates.

July 23, 2026

A row of data centre server racks with red and blue cabling running through mesh cabinet doors

Technology

AMD's Two Chip Deals Now Nearly Match India's Entire Data Centre Pipeline

AMD's two AI chip deals commit up to 8 GW of capacity between them, just short of India's entire 8.33 GW data centre pipeline. The binding constraint was never capital.

July 23, 2026

A teenage girl sitting on a sofa at home, looking at a smartphone she holds in both hands

Technology

India's Child Consent Rule Is Stricter Than France's Ban, and Still Not Enforceable

France just banned social media for anyone under 15, the first such law in the EU. India's own privacy law already sets a stricter bar, verifiable parental consent for any child under 18, but the rule that would enforce it does not bind a single platform until 2027.

July 23, 2026

A row of customer support agents wearing headsets, working at computers in an office

Business

Why AI Hit the Customer Service Job First, Not the Engineering One

Uber cut customer-service jobs and blamed AI for the first time. The tier it cut is the one anchoring India's BPO export industry, not the engineering exports that kept growing.

July 23, 2026

A row of call center agents wearing headsets working at computer terminals in an office

Business

Bank Recovery Agent Complaints Doubled Even Under RBI's Fair Practices Code

Banks drew more than double the recovery-agent complaints in FY26 than in FY25, even though RBI's rules have banned the underlying conduct since 2015. The lending boom behind the numbers is the real story.

July 23, 2026

Mumbai's skyline seen hazily across the water from the Arabian Sea, the seat of India's financial system and the Reserve Bank of India

Markets

Foreign Banks Are Winning India's Rupee Rescue

RBI reopened a concessional dollar swap to draw NRI deposits and defend the rupee. Foreign banks, not Indian lenders courting the diaspora, are capturing the biggest share of the money.

July 22, 2026

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