Why has climate change failed to produce the kind of transformative response that other major crises have historically generated?

basispointinsight.com/Story/the-cl...

1/5 In data we trust, so when India's 7.8% GDP growth for the first quarter of 2026-27 stumped one and all, the thing that was hit the worst was credibility and trust.

@arvindmayaram.bsky.social

#DataCredibility #EconomicStatistics

1/5 India’s forex reserves have hit a record $785.7 billion. The rupee, however, is still hovering near its weakest levels.

That contrast sits at the heart of Former Finance Secretary Arvind Mayaram’s latest column for BasisPoint Insight.

@arvindmayaram.bsky.social

#RBI #Rupee #ForexReserves

5/5 A strong GDP print can signal resilience. But durable growth must eventually show up beyond the headline.

Read Arvind Mayaram column for BasisPoint — Growth: A Number That Has Stopped Persuading👇

#EconomicPolicy

4/5 Policy support has helped sustain momentum. The harder test is whether private investment, employment and household incomes can carry growth when that support begins to fade.

#FDI

3/5 Former Finance Secretary Arvind Mayaram argues that the issue is not whether the GDP number is statistically valid. It is whether growth is translating into jobs, investment, incomes and external stability.

#Jobs #Investment

2/5 Youth unemployment remains elevated. Private investment is still weak. Net FDI has been volatile. Imports are rising faster than exports. And the rupee has weakened sharply despite large foreign-exchange reserves and RBI intervention.

#EconomicGrowth

1/4 What if the energy transition’s biggest financing problem is not a shortage of capital — but a shortage of structures that can use the same capital more than once?

That is the idea behind Circular Finance, writes Arvind Mayaram.

@arvindmayaram.bsky.social

#CircularFinance

1/5 India grew 7.8% in the April-June quarter. But is the headline telling the whole story?

@arvindmayaram.bsky.social

#IndianEconomy