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

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Silhouettes of construction workers on a concrete frame and steel rebar at sunset in India

Business

India Got Faster Growth From the Same Investment Rate

A new column says India's capital productivity has declined. MoSPI's new GDP series says each point of growth cost less capital in FY2025-26. The 8 percent goal still needs a higher investment rate.

October 17, 2026

A woman working on a laptop at a marble table in an office, with a notebook and bookshelves behind her

Geopolitics

Why the End of Automatic Work Permit Renewals Falls Mostly on Indian Women

A rule that sounded like paperwork now decides whether H-4 spouses can keep working. DHS expects 20,000 to 33,000 permits to lapse, and the latest USCIS breakdown shows the pool is about 93 percent India-born.

October 17, 2026

Mumbai skyline at twilight with high-rise towers under construction and cranes on the roofline

Business

Axis Bank's 38 Percent Profit Jump Is Mostly Lower Provisions, Not Higher Earnings

Axis Bank's profit rose Rs 1,913 crore in a year. Its provisions fell Rs 1,853 crore. The lender grew loans 23 percent and its operating profit just 6.

October 17, 2026

Residential and commercial towers, some still under construction with cranes, rise above Mumbai's waterfront at dusk

Markets

Why ICICI Bank's Profit Rose 20 Percent While HDFC Bank's Rose 4.7 Percent

A treasury drop explains why HDFC Bank looks so slow, and dollar deposits explain why ICICI Bank looks so fast. Take both out and a real gap remains, with a thinner margin on the faster bank.

October 17, 2026

A tall Art Deco office building in Mumbai seen from below under a cloudy sky, shown in a blue duotone

Markets

India's $58 Billion Payments Surplus Is Built on NRI Deposits It Must Repay

India's balance of payments is US$58.0 billion in surplus for April to August 2026. Net NRI deposits of US$119.2 billion did the work, while the current account deficit widened and portfolio investors sold.

October 16, 2026

Aerial view looking straight down at the corner of a white skyscraper in Jakarta, with roads, trees and a parking lot below

Markets

Indonesia Is Only 0.43% of the Index, Yet Stocks Fell 10.6%

Jakarta had its worst day since 1998 after MSCI proposed to downgrade Indonesia, a market now only 0.43% of the index. The warning is about free float and trust in prices, which is exactly what sets India's own weight.

October 16, 2026

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