Research

FY26 balance-of-payments data is in: gross inflows hit a record, yet net FDI is barely above zero. What’s inside the number, and which way it now flows, is the story

India’s thorium strategy and fast breeder reactor progress could reshape the economics of India’s nuclear manufacturing ecosystem

Companies across chemicals, fertilisers, and ceramics are now reporting curtailed allocations, suspended production lines, and emergency fuel rationing

Electricity consumption data and company commentary suggest India’s summer power demand is becoming structurally broader than residential cooling alone

Operational data disruptions widened forecast dispersion in Q4 FY2026, offering a real-world stress test for Thurro’s nowcasting framework.

Companies with pricing power and supply-chain flexibility absorbed the disruption better than firms dependent on imported inputs or fixed pricing

Higher discounts come with wider price variation across platforms, with averages masking how inconsistent actual prices are across products and locations

March clocks in a record month even as behaviour, ticket sizes, and market structure show clear signs of stabilisation and equilibrium

Electricity generation remains insulated from crude shocks—but logistics constraints are creating localised shortages

The Reserve Bank of India held the repo rate at 5.25%, maintaining a neutral stance amid rising external risks

Collections reflect lower effective tax rates post GST 2.0, while goods-side activity remains strong

Credit card growth is shifting from issuance to usage, with rising transaction intensity,
declining ticket sizes, and increasing concentration among large issuers