Never seen so much pessimism regarding India in my twenty years of studying macro and markets. Not in 2008, 2013, 2020.
AI is a positive for India. There is absolutely no sign of Indian service exports slowing down in the latest data. If a $20k guy in Pune is to be laid off, a $200k guy in Philly is even more on the chopping block. If anything giving them both the latest AI reduces any competence gap.
Regarding AI supply side, Sarvam etc just received more investment and we are continuing to work on the semiconductor side. Second/third mover advantage on the cheap is not a small thing here. Actually, AI has in part negated the platform winner-takes-all economics of US Big Tech by making it capex-intensive. Of course national security considerations remain.
The rupee is extremely oversold. The gold/silver import restriction moderate measures have just kicked in. Ex-gold we have been in significant trade and current account surplus for many years.
US 10y is now 4.6%. Gas and mortgage rates are off the chart there. Rising long-end of the yield curve and rapidly rising AI capex theme both cannot go on together for much longer.
We have to be patient: my view remains India is by far the world's greatest investment opportunity amongst the major themes available today. Of course as part of a diversified asset allocation so that we can live another day to be wrong if needed :)
It’s seems like My coaching career comes to an end after 1.5 years, during which we played 5 tournaments and secured 5 podium finishes, including a Junior World Cup bronze medal.
I have heard about coaches getting fired after bad performances.
But this is the first time I am experiencing being removed to make way for a foreign coach.
The Hockey India President stated that the chief coach of the senior men’s team prefers a foreign head coach for the junior team, believing it will help develop Indian hockey from the junior level through to the senior level. Hence, the continued preference for foreign coaches —
Can’t Indian coaches develop Indian hockey?
On 07-03-2026, during a meeting with the Hon’ble Sports Minister Shri Mansukh Mandaviya, I was told, “Sreejesh, we need coaches like you to step up and lead our country as we prepare for 2036.”
However, Hockey India continues to place its trust in foreign coaches over Indian ones across all four teams.
@mansukhmandviya@PMOIndia@TheHockeyIndia@Media_SAI@WeAreTeamIndia@DGSAI@DilipTirkey
I'll admit this might sound odd coming from me, maybe even clichéd. But it's something I've been sitting with for a while, so here goes.
When I started out, like most people, I had a simple wealth goal. I'd actually written it down: hit ₹5 crore, retire in Goa, beach shack, done. That was the dream.
After the Zerodha journey, I find myself on a very different side of that equation, and the dark inequalities of wealth and opportunity are harder to ignore than ever. We all know the numbers on inequality. The concentration of wealth among the top 1% is severe and getting worse, and it's even starker among the top 0.1%. The post-2008 era of rising asset prices has likely made this worse, because the people who hold financial assets are, by definition, people who already have money.
This isn't unique to India. Barring a few exceptions, it's a global phenomenon.
I'm cautious about attributing every socio-political problem we face today to inequality, but it's hard to deny the role it's played in the political upheavals we're seeing across the world. History rarely shows that sustained, extreme inequality ends well. To me, it increasingly feels like sitting in a car with the brakes cut, watching a cliff approach. Btw, all of this even before AI, which has a non-trivial probability of making things worse.
I'll stop short of prescribing solutions. It's too easy to reach for simple answers to complicated problems, and that's a separate conversation entirely. But I think we need to collectively acknowledge this: wealth that just sits in financial assets whose value keeps compounding upward doesn't do much good for anyone beyond those who already have it. And if that wealth isn't in motion, if it isn't doing some social good, the fabric that holds us together will only continue to fray and lead to cynicism, resentment, and worse yet, nihilism. We're already seeing all of it.
What I am saying is that even if a portion of that wealth were channelled into things that could materially improve lives, that seems worth doing. Hoarding wealth, in the grand scheme of things, doesn't really help anyone.
Neeraj Chopra almost didn't happen.
Not because of corruption. Not because of incompetence.
Because of a file that in summer noon of 2011 could have gone upward, a committee that could have met, and a season that could have passed.
One official decided instead. Same afternoon. No precedent. No committee. Rs 1 lakh for javelins.
Refer. Defer. Wait. He didn't.
The boys were practising by the evening at Panchkula athletic track. They did so there for next five years before moving to more competitive circuits.
One of them did exceptionally well. India got an #Olympic gold.
We blame governance failure on corrupt officials. Or incompetent ones.
There is a third failure — the honest, competent official who has learned that deciding is more dangerous than not deciding.
Kahneman showed people feel losses twice as powerfully as gains. The status quo is the system's default — and the official's shelter. The harm of his action is traceable to him. The harm of his silence is traceable to no one.
So he refers. Defers.
Performs just enough to stay invisible.
I call it rational abdication.
It is costing India more than corruption ever did. And it can be fixed by making inaction visible and bonafide mistakes absorbable.
Read my article in #Dailyworld
The Neeraj Chopra story is the lucky version. You have been that citizen whose file went upward and never came back. What was yours? Tell me. ⬇️
#RationalAbdication #Governance #NeerajChopra
Many people online are flinching on this large round. The argument is that the protein category is not large enough.
But the whole truth is that they’re a truth platform, their surface area far exceeds protein alone.
I was discussing this with a friend, if I had to buy from a brand for my future kid, the only brand that I buy from without anxiety would be TWT.
I wouldn’t be surprised at all if they come up with a line of baby food products in the next 12 months
To Dalit brothers and sisters,
I do not deny atrocities. I have seen them with my own eyes when I was a child. I have seen Dalits living on the outskirts of our village. I have heard derogatory words like chooda and chamaar being used openly for them. I remember that when they visited others’ homes, they were made to sit on the floor. At that age, I did not fully understand what was happening, but with time, I understood how deeply unjust it was.
I condemn such treatment in the strongest possible terms; it is inhuman, crude, and shameful. Anyone who practices or supports such behaviour today deserves severe punishment.
At the same time, it is also true that the overwhelming majority of present-day GC and OBC families neither practice nor support such discrimination. And the system, in its quest to overcorrect, has created a structure that by default treats every GC/OBC individual as casteist criminal unless proven otherwise, which is also unfair.
One cannot morally or rationally justify harassing the present generation for injustices committed in the past. Holding people accountable for actions they neither committed nor endorsed converts the struggle against historical injustice into a new form of injustice.
Historical wrongs must be acknowledged and corrected through institutional reform, equal opportunity, and restoration of dignity, not through social revenge that sustains perpetual hostility instead of reconciliation.
This is why I support the Atrocities Act but oppose the absence of provisions against misuse. Punish those who commit crimes, but ensure that innocents are not targeted as a form of revenge. The same applies to UGC regulations. That is the basis of the opposition.
Real reason behind the engineering marvel Mira-Bhayander flyover in Mumbai.
This deserves to go viral till it reaches the authorities & punish the culprit.
Very well exposed 👏 @digitalindianyt
"I'm sorry, we are experiencing difficulties. Please call back at a later time" - 1912 @pvvnlghaziabad
Bro, we are also experiencing difficulties. No sleep. Thanks to your super service.
It's 2AM, super hot night and no electricity for 2 hours. @pvvnlghaziabad has no customer support. Still fighting for basic stuff. A looong way to go. @myogioffice@UPGovt
@VFSGlobal visa services are so bad, my respect for Indian institutions has sky rocketed!
While our institutions are constantly improving and embracing digital, they are stuck in pre-digital era.
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Is there a worse health insurance service than @HDFCERGOGIC 🥲? They have been making me go in circles just to get my spouse added to the policy. I think govt docs are easier to update nowadays. Wish Apollo Munich didn't sell themselves to @HDFCERGOGIC
This is a picture taken right after the Kerala team won the volleyball gold in the National Games in Gujarat. And therein lies a story.
Not one of the players you see had been picked to play for Kerala by the local association.
Short Story: 🧵
Near wonderla exit in #Bengaluru - Mysuru road, there existed a valley system (flow directions indicated below). Few irrigation tanks were also there in the valley (marked in blue).
1/n