Economics, Macro & Global Markets

The mechanism. Demand, supply, price and cost before any aggregate is named.

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  How to Read the Economic Survey: A Procedure in Eight Steps

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The first lever. Who sets rates, against what mandate, and how the change travels.

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  How to Read an RBI Monetary Policy Statement

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  How a Repo Rate Change Reaches Borrowers and Investors

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Why countries trade, what restricts it, and what a trade balance means.

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  How Trade Barriers Reach Inflation, Companies and Markets

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The second lever. What a government spends, taxes and borrows, and the deficit that results.

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  How to Read the Union Budget for Investors

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What the lever actually moves. Money, credit and the surplus or deficit in the system.

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  How to Read RBI Liquidity and Money-Market Data

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  How Banks Create Money Through Lending, and What Limits It

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The external account. What crosses the border, and the rate that prices it.

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  How to Read India’s FX Reserves and Balance of Payments Data

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The input side. Why commodity supply responds slowly and what a shock does.

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  How to Read Global Oil and Commodity Price Moves

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  How Oil Prices Reach India's Inflation, Rupee and Markets

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How a release is read. Revisions, base effects, surprises and the calendar.

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  How to Read GDP Data: The Order That Makes It Readable

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  How to Read CPI Inflation Data: Headline and Drivers

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  How to Update a Macro View When New Data Arrive

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The applied family. Taking a macro variable and reaching a company's numbers with it.

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  How to Build Base, Bull and Bear Macro Scenarios

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  How to Map Macro Variables to a Company's Numbers

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  How India's Macro Institutions Fit Together

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  How Interest Rates Feed Into Equity Valuation

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  How Inflation Reaches Company Margins, and by How Much

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  How Currency Moves Split Exporters and Importers

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