Independent Economist, Forecaster and Strategist

Thomas Lam

Macroeconomics

<ul>
<li>The financial shock and greater uncertainty, all else equal, imply a disinflationary backdrop</li>
<li>The current trade posture alone implies either a one-off or a more persistent inflationary environment</li>
<li>But comprehending the shocks might not be the real challenge, rather it is about unraveling what is harnessed as a pretext and what is not     </li>
</ul>


The financial shock and greater uncertainty, all else equal, imply a disinflationary backdrop
The current trade posture alone implies either a one-off or a more persistent inflationary environment
But comprehending the shocks might not be the real challenge, rather it is about unraveling what is harnessed as a pretext and what is not     


Independent Insight Provider

Ewan Markson-Brown

Cross Asset Strategy

<ul>
<li>Century of Decline, One Shock Reset: Argentina fell from 80% of US GDP to 25%—Milei is reversing it with fiscal shock therapy. </li>
<li>From Chaos to Credibility: Inflation tamed, market confidence rising—first fiscal surplus in a decade.</li>
<li>Decentralization, AI, and the Next Model: Tax federalism and AI governance make Argentina the first EM reform lab.</li>
</ul>


Century of Decline, One Shock Reset: Argentina fell from 80% of US GDP to 25%—Milei is reversing it with fiscal shock therapy. 
From Chaos to Credibility: Inflation tamed, market confidence rising—first fiscal surplus in a decade.
Decentralization, AI, and the Next Model: Tax federalism and AI governance make Argentina the first EM reform lab.


Argentina: The First Domino How Freedom, Discipline, and Bitcoin Are Rewriting the EM Playbook

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Tata Sons will reinvest Rs. 43,900 crore received from TCS dividends into new-age businesses, this strategic capital shift aims to fuel long-term growth across tech, digital, and clean energy sectors.</li>
<li>Delhivery is acquiring Ecom Express for Rs. 5,000 crore to expand scale and reduce operating costs in order to strengthen its logistics footprint and improves profitability with low integration risk.</li>
<li>Adani Group has proposed Rs. 50,000 crore investments in Assam after talks with CM Sarma. The plan promises major infrastructure upgrades and job creation across the Northeast.</li>
</ul>


Tata Sons will reinvest Rs. 43,900 crore received from TCS dividends into new-age businesses, this strategic capital shift aims to fuel long-term growth across tech, digital, and clean energy sectors.
Delhivery is acquiring Ecom Express for Rs. 5,000 crore to expand scale and reduce operating costs in order to strengthen its logistics footprint and improves profitability with low integration risk.
Adani Group has proposed Rs. 50,000 crore investments in Assam after talks with CM Sarma. The plan promises major infrastructure upgrades and job creation across the Northeast.


#134 India Insight: Tata Sons Taps TCS Div, Delhivery’s ₹5k Cr Ecom Bet, Adani’s Assam Push

<ul>
<li>India’s P/E ratio corrected approx 16%, due to which forward PE has come down from 23.8 to 19.7, hitting a below average 1 yr forward PE.</li>
<li>India’s earnings CAGR of 14.3% (CY24–26E) remains among the world’s highest, justifying premium valuations i.e. highest in the world.</li>
<li>India now offers better risk-reward, with strong fundamentals, lower valuation multiples, and a tailwind from recovering consumption and sectoral revival in Q4.</li>
</ul>


India’s P/E ratio corrected approx 16%, due to which forward PE has come down from 23.8 to 19.7, hitting a below average 1 yr forward PE.
India’s earnings CAGR of 14.3% (CY24–26E) remains among the world’s highest, justifying premium valuations i.e. highest in the world.
India now offers better risk-reward, with strong fundamentals, lower valuation multiples, and a tailwind from recovering consumption and sectoral revival in Q4.


Chartered Insights: Understanding India's Current Valuation Amidst Market Correction

Global Macro Strategist, Westbourne Research Services

Sharmila Whelan

Global Macro Strategist

Macroeconomic, Geopolitical and Policy Forecasting

Westbourne Research Services

Westbourne Research is a global macroeconomic, geopolitical and policy forecasting and strategic advisory consultancy. Located in London, UK and serving clients globally. Our knowledge is deep, spanning all asset classes and key industrial sectors. Our perspective is global. Our presence is expansive, with 30 years analysing and working in developed and emerging markets. We are uniquely India and China specialists.

<ul>
<li>Trading Post’s top buy calls are the Philippines, India, Japan, Malaysia, Taiwan and Europe.</li>
<li>Trump’s ultimate objectives are to secure fairer trading terms and stimulate inward investment—and the strategy appears to be gaining traction.</li>
<li>Countries facing the highest reciprocal tariff rates, with large surpluses vis-à-vis the US and high gross exports to GDP ratios will buckle first.</li>
</ul>


Trading Post’s top buy calls are the Philippines, India, Japan, Malaysia, Taiwan and Europe.
Trump’s ultimate objectives are to secure fairer trading terms and stimulate inward investment—and the strategy appears to be gaining traction.
Countries facing the highest reciprocal tariff rates, with large surpluses vis-à-vis the US and high gross exports to GDP ratios will buckle first.
