Shailesh Vickram Singh retweeted
No other country has the insane regulation to scrap vehicles after 10 or 15 years that India has in Delhi NCR. It's nothing short of madness, in a country where people use their vehicles for decades; and many can't afford the switch.
It's also an environemental disaster in terms of the energy, material, mining and plastic used to create a new vehicle.
Can you believe that this crazy resolution was passed by the farce which calls its "National Green Tribunal" but was instead meant as a power and reward system for crony FCRA NGOs.
Of Jalebis, Calculus, and Why Indian Corporate Treasuries Prefer Liquid Mutual Funds to Frontier Tech
Every few months arguments about U Economy vs Indian economy flares up online. The pundits open their spreadsheets and, depending on which way they lean, either mourn or celebrate the gap. The reasons offered are always the same. Size. History. Capital. Talent. Race. R&D budgets. Almost nobody names the one that matters.
🧵
The gap between the US and India isn’t economic size. It’s risk appetite.
SpaceX, worth nearly two trillion dollars, has bought Cursor for sixty billion. Shrink that to Indian scale and then ask this simple question. Can we picture a billion-dollar Indian company handing a sixty-million-dollar exit to a young startup? We cannot. Our balance sheets are not small. Our appetite for risk is. Economy size does not create risk capital. Risk-taking creates economy size.
svickram.substack.com/p/of-j…
Shailesh Vickram Singh retweeted
Not me. My bullish stand in India is paying off. And India‘s comeback is not so „quiet“ given that India is about to reach a deal with the US, has signed FTA with the EU, stabilized the relationship with China and is expanding ties with Russia.
No other actor has managed that.
Everyone is watching the Asian tech meltdown. Almost nobody is watching what's happening in India.
zerohedge.com/the-market-ear…
While Hindi headlines scream “RBI ने 7 लाख करोड़ झोंके,” a Korean economist is pointing out India has grown above 7% for five straight years, and IMF, ADB and World Bank have all raised forecasts. The data hasn’t changed.
Looks like Indian media is more negative on India vs global institutions
I just wonder why such a sensational and fundamentally wrong headline is being pushed by media houses:
“RBI ने रुपये झोंक दिए.” RBI simply sold USD and got INR back. That’s a transaction, so is not that RB is burning cash in some stupid manner - whats going on, attempt to create mass hysteria on these things also ?
Shailesh Vickram Singh retweeted
“expected to weaken toward the end of the year (2026) and mid-2027, and a 100 rupee-per-dollar mark could not be ruled out, strategists said.”
This is wrong but this is the baseline of expectations, despite the balanced external account even in times of stress. This baseline in turn dampens financial flows and encourages gold imports.
RBI is rightly starting to break this loop, and it will succeed. 100 is not happening. This is not a point of academic nuance. This is how real markets work. They are path dependent. And there is no “stable” equilibrium.
India's rupee forecast to weaken toward 100-per-dollar level even as RBI pushes back cnbc.com/2026/10/16/india-ru…
Quoting “5 months of import cover” without context is fear mongering. Most people read it as “India runs out of dollars in 5 months.” It won’t. The number uses gross imports, as if India’s ~$975bn of exports, services and remittances stopped overnight. On the net gap, the FY26 current account deficit was $25bn (0.6% of GDP). $432bn covers that 17 times over.
2026’s drawdown came from capital outflows and rupee defence, not trade. The real test is reserves versus short-term debt and hot money. And the toolkit isn’t just a rate hike or an LRS cut. In 2013 the FCNR(B) swap window did more than either.
India has $735bn in forex reserves. The RBI can use far less of it.
Nearly $200bn is owed back on forward contracts. Take that and gold out, and usable reserves are about $432bn.
That covers about 5 months of imports, the lowest since 2011.
This week's measures, a dollar window for oil companies and curbs on hedging, are paid for from the same pile.
Two tools are left: a sharp rate hike, or an LRS cut. In 2013, LRS went from $200,000 to $75,000.
Source: Ambit Capital Note, 14 Oct 2026
Mr Hanke is quoting a golden rule which is named as Hanke Golden Rule -- 😂😂
Only diff between Astrologers and Economists are that Astrologers are right some time
#IndiaWatch🇮🇳: India's money supply (M3) is EXPLODING. It's growing at 17.3%/yr. The 6-month annualized rate is 20.2%. The 3-month annualized rate is 31.5%.
THIS SPELLS TROUBLE. Hanke's Golden Growth Rate for M3 is 10.2%/yr, a rate consistent with hitting India's 4% inflation target.
IT'S NO SURPRISE THAT INFLATION IS SURGING AND IS WELL ABOVE THE TARGET.
THE RBI = LOSING CONTROL.
Shailesh Vickram Singh retweeted
Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100.
If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay £1.
The sixth would pay £3.
The seventh would pay £7.
The eighth would pay £12.
The ninth would pay £18.
And the tenth man (the richest) would pay £59.
So, that’s what they decided to do.
The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem.
“Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly beer by £20.”
Drinks for the ten men would now cost just £80.
The group still wanted to pay their bill the way we pay our taxes.
So the first four men were unaffected.
They would still drink for free but what about the other six men?
The paying customers? How could they divide the £20 windfall so that everyone would get his fair share?
They realized that £20 divided by six is £3.33, but if they subtracted that from everybody’s share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fairer to reduce each man’s bill by a higher percentage.
They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay.
And so, the fifth man, like the first four, now paid nothing (a 100% saving).
The sixth man now paid £2 instead of £3 (a 33% saving).
The seventh man now paid £5 instead of £7 (a 28% saving).
The eighth man now paid £9 instead of £12 (a 25% saving).
The ninth man now paid £14 instead of £18 (a 22% saving).
And the tenth man now paid £49 instead of £59 (a 16% saving).
Each of the last six was better off than before with the first four continuing to drink for free.
But, once outside the bar, the men began to compare their savings. “I only got £1 out of the £20 saving,” declared the sixth man. He pointed to the tenth man, “but he got £10!“
“Yeah, that’s right,” exclaimed the fifth man. “I only saved a £1 too. It’s unfair that he got ten times more benefit than me!”
“That’s true!” shouted the seventh man. “Why should he get £10 back, when I only got £2? The wealthy get all the breaks!”
“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”
The nine men surrounded the tenth and beat him up.
The next week the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him.
But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill!
And that’s how it works.
Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.
Shailesh Vickram Singh retweeted
If your friends wouldn’t attempt a $5B hostile takeover for you, upgrade your circle.
The masculine urge to build a friendship strong enough to trigger antitrust concerns.
Shailesh Vickram Singh retweeted
"When economic competition is suppressed by the design of a political system, hierarchy does not disappear. It migrates into the state. People then compete for bureaucratic rank, party membership, favored occupations, access to planners" skeptic.com/article/an-evolu…
Shailesh Vickram Singh retweeted
"The more power a man acquires...the more he depends on other people for information...yet through fear or awe or self-preservation, those people often become less willing to tell him what they think he doesn’t want to hear, leaving him increasingly insulated from reality" colossus.com/article/mark-zu…
Shailesh Vickram Singh retweeted
Electoral democracy is the psychic disease. If you believe your vote can change anything you are toddler or crazy. They own you.
Shailesh Vickram Singh retweeted
Some of the best VCs ever came from non-traditional backgrounds:
- Michael Moritz: journalist, history
- Peter Thiel: lawyer, philosophy
- Keith Rabois (@rabois) lawyer, political science
- Chris Sacca (@sacca) lawyer
- Ron Conway (@RonConway) sales
- John Doerr: sales
- Don Valentine: sales / marketing, chemistry




























