Yes, reforms are needed here.

India must aim to have a 30 year fixed rate mortgage that can be refinanced, the way the US has. The asymmetric aspect is key if prospective homeowners have to have some certainty on rates going ahead. Although my view is rates will fall, that is a view.

Pulling this off will

America has ~$40T in retirement market assets (Bloomberg). India has two orders of magnitude less. The government should give everyone NPS accounts and put nominal amounts in it invested in Indian equity indices which can be withdrawn only during retirement or a health emergency.

Biden to End Tariff Exclusions on Hundreds of Chinese Products.

bloomberg.com/news/articles/…

A reminder that throughout the 19th century the US had a weighted average import tariff of ~40% on manufactured goods - which came primarily from Europe and especially from England early on.

INS Kiltan sailed to Vietnam arriving for a joint maritime exercise with the Vietnamese navy.

scmp.com/week-asia/poli…

INS Delhi, INS Shakti arrived at Malaysia’s Kota Kinabalu to take part in drills.

First batch of BrahMos missiles arrived in Philippines from India last month.

India to install 21.2 GW new solar capacity in FY 2025. Almost double of FY 2024 when India installed about 11.5 GW new utility-scale solar capacity.
pv-magazine-india.com/2024/05/24/ind…
Cumulative renewable capacity 190.57 GW (31 March 2024). Solar 43% followed by wind, large hydro 24% each.

Good overview by CA Abhishek Murarka 💹🐂

India is increasingly Atma-Nirbhar in capital. This is excellent with more to come. From stable macro to digital public infra, all were key. Also if we understand trade correctly, we are not a deficit country (gold/remittances have to be adjusted.)

Atlanta Fed’s ‘core flexible’ CPI, the prices of goods/services that move with the biz cycle, dropped -0.2% MoM in April, deflating in 3 of the past 4 months. The YoY trend moved further into negative terrain at -0.9% from -0.3% in March & +1.1% a year ago.

जय माता दी

Global asset breakdown (2024 guess-estimate):

~$300T: residential real estate
~$100T: commercial, agri RE
~$250T: global equities, bonds

China and North America have half the global real estate. Where China lags is in equities. And bonds (latter are different from bank assets.)

Kudos Anand Ranganathan - I wish I could understand the technical aspects, but thank you :)

बुद्धं शरणं गच्छामि
धर्मं शरणं गच्छामि
संघं शरणं गच्छामि

Buddha Purnima Greetings 🙏🏾

Here is Buddha with Herakles in the Indo-Greek/Kushan style from what is Af-Pak today.

Also Saraswati, Ganesh, Kuber from Daisho-in temple complex in Japan - founded by a Buddhist.

#Dharmatva

Kudos कुशल मेहरा

India 10y goes below 7%, first time in a year. RBI dividend being largest ever and bond inclusion helped - so did low core inflation.

All this despite US 10y being almost 4.5% for now. Last 3.5 years of ABV PMship saw 10y fall of ~600bps from 11.5%. Directionally, similar again.

Reposting on Raja Rammohun Roy's birthday:

news18.com/opinion/opinio…

This is a podcast that is a must-watch, please do catch कुशल मेहरा Abhijit Iyer-Mitra and Smita Prakash at youtu.be/teobum63QcE?si…
Outstanding discussion! 👏👏👏

One of the most important developments for Make in India: Strikes and lockouts down 90% in the last decade – “Industrial disputes dropped 89.3% to 34 in 2022 compared to 318 a decade ago…In 2022, around 200,0000 workers were involved in strikes and lockouts, resulting in a loss

Harsh Madhusudan Multiple vs Growth is a more stark picture. India (Nifty50), US (S&P 500), World (MSCI World) compared below. Believe the growth gap between India & ROW will widen not shrink x.com/vaibhav_vijoy/…