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

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A customer tapping a bank card on a payment terminal at a store counter while a cashier holds the device

Business

India's Credit Card Delinquency Rate Is Falling Because the Risk Moved Elsewhere

Credit card delinquency, the number everyone watches for consumer stress, keeps improving. That is because the riskiest borrowers can no longer get a card at all, so they get a personal loan instead, and the loan book is absorbing the strain the card book used to show.

July 9, 2026

The bow of a large oil tanker cutting through open blue ocean under a clear sky

Business

Russia's Share of India's Oil Imports Hit a Record as the Discount Vanished

Russia's share of India's crude imports broke 50 percent in June, a record, just as the price discount that first justified the switch narrowed to almost nothing. A war that shut the Strait of Hormuz explains why.

July 9, 2026

A hand holding a smartphone displaying an incoming call screen with a slide-to-answer prompt

Technology

The Spam-Free Number Series India Built Is Now Full of Spam

TRAI reserved the 1600 number series for government and BFSI callers and legally barred apps like Truecaller from flagging it as spam. Truecaller's own data says spam moved in anyway, and by law, nobody can tag it.

July 9, 2026

A vibrant spice and dry-goods market stall in India with hand-lettered price cards in rupees on baskets of nuts, seeds and dried fruit

Business

India's Growth Forecast Implies an Inflation Rate Near 1 Percent

MoSPI's own FY26 growth arithmetic implies economy-wide prices rose by about one percentage point this year. Wholesale prices alone rose almost ten times that in May 2026.

July 9, 2026

Two ornate gold bangles resting in the folds of dark teal fabric

Business

India's Gold Loan Boom Grew Slower Than the Price of the Gold Behind It

NBFC gold loans surged 69.9 percent in the RBI's May 2026 data. The metal backing them had already risen 81 percent in price, and a capital rule NBFCs never lost made gold their cheapest retail loan to write.

July 8, 2026

A submarine surfaced near a coastline at dusk, silhouetted against a cloudy sky

Geopolitics

How Close Must India's Submarines Sail to Strike

China just tested a submarine missile that can reach up to 10,000 kilometers. India's operational one reaches 750, forcing its boats close to shore to fire at all.

July 8, 2026

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