Ruchir Sharma
How America Bails Out Trump
US’s underlying strengths are absorbing his erratic choices, including war on Iran. Other countries must work in packs, to hedge against Washington
- Ruchir Sharma
- TIMESOFINDIA.COM
World’s Newest Beijing Problem
China is investing & producing, in huge numbers, to goose the economy. That’s leading to Chinese goods being exported, at cut-price rates, around the world, harming industry everywhere. It’s also not a good strategy for China, because it is accumulating debt
The Golden Puzzle
Last year, Indians spent much less on gold jewellery, much more on gold investment products. Globally too, the demand is financial, but detached from traditional fundamentals. As hard as it is to explain the momentum, it’s difficult to see what might break this
Bash All Day, Buy All Night
Why do foreigners, including Indians, who are critiquing US govt, keep pouring money into America? Much of it has to do with AI. And Americans’ spending habits now rely heavily on sentiment of strangers
Import Capital, Don’t Export People
Despite strong headline growth numbers, India is not getting much love from global investors. It needs much more FDI & many more talented Indians to stay home, not emigrate
10 global shifts that will shape where India wins and where it struggles in 2026
AI mania could wane and drag down the economies of the two superpowers, but will that be good news for India? Where will the money go next? Will migrants follow? Read on to get a sense of the opportunities and challenges ahead
Is AI A Bubble Or Not?
We are clearly in one. But it will likely keep growing as long as easy money conditions continue in US. Even sceptical institutional investors are buying
Industry: Makhanas. State: Bihar
Nitish’s win reflects a growing advantage for incumbents in India. But this is not true of the prospering southern states, which suggests that regions with creeping complacency are paying a price for it
A Gold-Stocks Jugalbandi
Both assets are simultaneously booming in an unexpected way, thanks to massive liquidity sloshing around. But if US Fed is forced to tighten, the yellow metal will fall along with AI stocks
America: A Big Bet On AI
All the growth in consumer spend & half the total comes from the richest 10% of Americans. They’re also investing heavily in AI. If AI doesn’t deliver, it could be real bad news for world’s largest economy
Wealth Of (Non-US) Nations
New research reveals many countries where rising entrepreneurs are generating serious wealth, none more striking than India, which is home to 40 companies with high average annual returns
AI Tempers Trump Tariffs
Dollar hasn’t strengthened, US hasn’t stagflated, markets haven’t tanked. So far Trump’s trade policy has been offset by tech-driven bullishness and the tax breaks in his ‘big beautiful bill’
West Asia’s Market Champion
Notwithstanding its engagement in multiple conflicts, Israel’s stunning stock rally suggests the country is cementing its status as the regional economic superpower
The Real Trump Shocker
It’s incredible that to date he has had so little impact in America. Markets are strong, growth hasn’t slowed, and treasury’s recording revenue from tariffs but tariffs aren’t impacting prices.
Graft’s Fifty Shades Of Grey
Though corruption is commonly cited as a leading issue in many countries, what it reveals about the state of a nation is far from straightforward
What GOI Can Learn From New Economic Stars
With their backs to the wall several nations have been forced to reform, leading to positive outcomes. Can India follow and push through productivity-enhancing measures?
Why Dragon’s Roaring Again
Investors are rethinking the caricature of China as a land of many risks, no rewards. Chances of arbitrary state action remain. But stocks are temptingly cheap
Trump Can Make America Hurt Again
High tariffs have been US policy for eight years. Even higher rates will make much of Asia & Europe focus on more non-US trade deals. India is less prepared. Over time, US will be affected
Will The Bell Toll For Wall Street?
America is starting to look like Japan that was bogged down under a pile of govt debt. All signs suggest the party’s end is near. It’s time to bet against American exceptionalism
US: Big Bubble, So Big Trouble
For strategists, America isn’t what it was. For investors, it’s the world’s hottest market, drawing 70% of global investment. But America is overhyped & overvalued. Something will end the party