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A dense pile of Indian 100-rupee banknotes bearing the Reserve Bank of India markings and Mahatma Gandhi's portrait

Markets

RBI's Dollar Sales to Defend the Rupee Are Tightening Its Own Banks

Every dollar the RBI sells to defend the rupee pulls a matching sum of rupees out of the banking system. That mechanism is now running into a liquidity surplus already at a three-week low.

July 24, 2026

A team of Indian tech and business professionals collaborate on laptops around a long conference table in a modern office

Business

India's Services Boom Just Became Its Growth Problem

India's composite PMI just hit a four-year low, but split the number in two and manufacturing barely moved. Services, the sector that has carried Indian growth since the pandemic, did nearly all the falling.

July 24, 2026

A cargo ship crossing open ocean, seen from above, with a smaller vessel in the distance near the horizon

Business

The US Tariff on India Did Not Change Its Number, Only Its Legal Basis

Washington let a temporary 10 percent tariff on India expire and replaced it with a permanent one at the same rate, built on a forced labor finding instead of the trade deficit.

July 24, 2026

A wooden judge's gavel resting on its sound block on a courtroom desk

Technology

India Answered the AI Copyright Question the US Courts Still Haven't

The Delhi High Court just ruled that training ChatGPT on a newswire's content is fair dealing, weighing 100 million weekly Indian users against one publisher's claim. The US and Canada haven't gotten this far.

July 24, 2026

An elderly Indian woman's hands, wearing gold and blue bangles, slice vegetables on a wooden board beside a pot of curry on a home kitchen stove

Health

How Fixing Child Malnutrition Is Fueling India's Diabetes Epidemic

The Indian states that cut child stunting fastest over the last five years are now posting the steepest rises in adult obesity and diabetes. A well-documented biological mechanism explains why the two trends are connected, not coincidental.

July 24, 2026

A wooden judge's gavel with a brass band resting on its sound block on a dark desk

Geopolitics

India Promised Fast-Track Courts Before and Still Fell 65 Short

PM Modi's new fast-track courts for exam paper leaks follow the same script as a 2019 scheme for rape and POCSO cases. Six years and one target cut later, that scheme is still 65 courts short.

July 23, 2026

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