The Macro Brew
Macro analysis of economic trends, policy changes, and sectors, and how they shape the bigger picture.
Panel, Turbine, Wire, Plug: Who Makes Money at Each Step?
India added about 45 GW of solar power in the year to March 2026. Company filings, from cell makers to power buyers, show who works at each step of the wind and solar chain, what drives their costs and who keeps the profit.
Read more → New 13 October 2026Who Makes Money From India's Sugarcane?
Sugar mills owed farmers ₹1,12,740 crore for one season of cane. Company filings, from plant builders to biscuit makers, show who works at each step from field to buyer, what drives their costs and who keeps the profit.
Read more → 29 September 2026Should You Stop Your SIPs?
The Nifty 50 has fallen hard 4 times since 2020, and SIP investors kept paying through every one. Only once did they pull back: in the months after the COVID crash, just as the market recovered. On a ₹10,000 monthly SIP, stopping then cost ₹1.19 lakh.
Read more → 23 September 2026Dissecting ₹1.13 Lakh Crore of IPO Money
228 IPOs came to market in India this year and raised ₹112,941 crore. More than half of it never reached a company.
Read more → 21 April 2026How Does India Borrow and Lend?
Understanding how the money flows in the Indian economy and how fixed income instruments react to macroeconomic events along with Monetary Policy Decisions.
Read more → 5 April 2026Greasing The Wheel
How a price on a barrel of oil in the Persian Gulf becomes a constraint on RBI policy, a wider fiscal deficit, a weaker rupee, and a higher discount rate on every Nifty growth story.
Read more → 12 March 2026Are We Paying Tomorrow's Returns Today?
Are investors buying genuine growth, or paying today for returns that would normally arrive tomorrow? What the CAPE ratio says about Indian equity valuations and forward returns.
Read more → 24 February 2026How Systematic Are SIPs?
Do investors keep their SIPs running through market drawdowns, or cancel out of fear? Testing whether SIP flows are the "sticky money" that stabilises Indian equities.
Read more → 19 February 2026Inflation With the Fine Print
This month's headline inflation came in with a surprise!
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