Subtext by Zerodha

Making finance, economics, and markets less boring.

[Subtext by Zerodha @subtextzerodha]

This podcast was recorded during tensions at the Strait of Hormuz, which heavily affected the lines of many poor and middle-class Indians. Policy often becomes a techno-economic exercise divorced from daily life, but on the ground, everyday mutual support is how households survive. What gives hope during energy shocks isn't grand policy, but social resilience.

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From how Indian PSUs work, to the NPA crisis, to our Cold War strategy, coal has always been at the center.

We sat down with Dr. @rohitreads to unpack the political economy of Indian energy, the 1970s nationalization & the renewables transition.

Here are key takeaways 🧵

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Green jobs are oversold—solar parks don't generate local economies like coal towns did. With 97% of grid renewables in just 6 richer states, the transition risks deepening regional economic inequality.

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Please note: The original piece was first published by Business Standard and is republished here with permission. The views and opinions expressed in this article are strictly those of the author and do not reflect the official stance or position of Zerodha.

[Subtext by Zerodha @subtextzerodha]

Have you noticed a rare milestone hit by Indian banks lately? Based on a recent piece by @TamalBandyo, we explore why all listed Indian banks achieving less than 1% net NPAs is historic, but squeezed margins and credit gaps present new risks.🧵👇

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Tamal Bandyopadhyay is a veteran Indian business journalist, accomplished banking author, and a Senior Adviser to Jana Small Finance Bank.

Read the full article here: https://t.co/o242eCXrpY