Let’s Talk Macro

In this episode, we explore the drivers of US economic resilience, how they are reflected in labour markets and inflation trends, and why these developments matter for India’s economy and monetary policy. Join Sreejith Balasubramanian, Sr. Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on the evolving US macro landscape and its implications for glo...

In this episode, we explore how global markets are grappling with shifting concerns amid ongoing geopolitical tensions. How is this environment different from the 2020 pandemic and the 2022 Russia-Ukraine conflict? And what signals are emerging for the global economy? The discussion also dives into the implications for India, particularly in the context of its monetary policy trajectory. Join Sree...

In this episode, we explore the Iran war and how it is emerging as a global stress test for the economy. From the origins of the conflict to the economic linkages it has exposed, the discussion highlights the risks, challenges, and policy choices facing the global economy and India. Join Sreejith Balasubramanian, Sr. Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he...

In this episode, we highlight the improvements and noteworthy aspects of India’s new CPI series and explore its implications for the underlying inflation trend and monetary policy. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on data upgrades, inflation trends, and policy direction. MUTUAL FUND INVESTMENTS ARE SUBJE...

In this episode, we highlight the key elements to look for in the upcoming Union Budget and explore the trajectory within the new fiscal framework. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on fiscal priorities, budget dynamics, and India’s path ahead. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS. READ ALL...

Although 2025 draws to a close, global and domestic economies continue to be marked by uncertainty, policy shifts, and diverging growth paths. In this episode of Let’s Talk Macro, we discuss the key economic narratives that shaped 2025 and the trajectories that could define 2026, across the world's major economies and India. The conversation spans growth, inflation, labour markets, fiscal and mone...

In this episode, we discuss India’s fiscal performance versus the FY26 budget estimates and explore the fiscal flexibility that could emerge from FY27 while staying credible under the new Debt-to-GDP framework. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on fiscal consolidation, budget dynamics, and medium-term fis...

In this episode, we discuss the significance of monsoon and what rural wages, farm input costs, and other indicators reveal about the health of India’s rural economy. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on rural dynamics and their impact on broader economic trends. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MAR...

In this episode, we discuss why the passthrough of higher tariffs to US consumer prices is likely to be more moderate and drawn-out, and how this, along with a weaker labour market, supports further rate cuts by the Fed. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on inflation, tariffs, and the Fed’s policy outlook...

In this episode, we explore India’s current economic backdrop, the potential impact of GST rate rationalisation, higher US tariffs, and the continuation of fiscal credibility. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on what these developments mean for India’s economy and outlook. Mutual fund investments are sub...

In this episode, we explore the continuing challenges facing the Chinese economy, the impact of recent fiscal measures, and the implications of frontloaded growth in the first half of the year. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares insights on what lies ahead for China and the rest of the world in the second half of t...

We discuss the Fed’s dual goals, the current situation and outlook for US inflation and labour market, and what is driving the Fed’s current policy stance. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he explores the US macro backdrop and the Fed’s cautious stance. Mutual fund investments are subject to market risks, read all scheme r...

Is India’s economy steady amidst rising global uncertainty? In this episode, we return to domestic macro dynamics – covering key economic data, fiscal and monetary outlooks, global linkages, and India’s structural macro story. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he breaks down India’s proactive policy approach, the state of i...

US tariff changes are making headlines, financial markets are sending mixed signals, and the US Dollar is weakening—but what does it all mean? Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he discusses the latest shifts in US trade policy, the unusual dynamics in financial markets, and the growing impact of uncertainty on the economic...

We look at the weaker US economic data, its reasons, uncertainty around tariffs and other Trump 2.0 policies, the US Fed’s views on these, recent global developments, and what this means for the USD and for India.   Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, for an insightful discussion on what’s shaping the macroeconomic narrative thi...

India’s union fiscal consolidates, the RBI cuts rates, and takes liquidity measures, but the US dollar remains a key variable. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he discusses India’s recent policy decisions, the drivers behind USD movements, and the constraints they impose.

The year turns, but US momentum stays strong, with significant implications for both advanced and emerging economies. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he discusses key early 2025 global economic action, the impact of US exceptionalism, and upcoming major events—Trump assuming office and India’s Union Budget. Discover insig...

As 2024 comes to a close, the final episode of Let’s Talk Macro looks ahead to 2025, exploring the key economic trends that could shape the year. Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he shares the trends that will shape 2025 and offers a balanced, insightful perspective on macroeconomic shifts and developments.

What would Trump 2.0 mean for US policy and the global economy? Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund as he explores the potential policy shifts under Trump’s return, the economic impact of these decisions, and the unique global challenges this time compared to his earlier presidency. Discover insights into trade, markets, and geop...

Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, as he explains China’s economic backdrop, the unique features of its property sector, and how recent measures could shape the future. Gain insights into what to watch for in the coming months as China navigates its economic challenges.

In this episode of Let's Talk Macro, Sreejith Balasubramanian, Economist, Fixed Income Fund Management at Bandhan Mutual Fund, analyses the rising global growth concerns and increasing rate cut expectations. Sreejith also provides a detailed look at India's buoyant growth, while highlighting the need to monitor private consumption and credit growth closely.

Join Sreejith Balasubramanian, Economist, Fixed Income Fund Management at Bandhan Mutual Fund, in this compelling episode of 'Let's Talk Macro.' Sreejith explores the key trends and policy changes shaping the global economy in July 2024.  He covers US growth challenges, rising rate cut expectations versus BoJ tightening, the cautious stance of the ECB and BoE, China's slow but strategic policy rhe...

Join Sreejith Balasubramanian, Economist in the Fixed Income Fund Management team at Bandhan Mutual Fund, in this episode of 'Let's Talk Macro.' Sreejith shares an insightful update on the global economic pulse for June 2024.  Get a complete picture of the key economic events, monetary policies, and what’s driving markets worldwide and gain insights into the themes shaping the economic landscape....

Join us in this insightful episode as Sreejith Balasubramanian, Economist, Fixed Income Fund Management at Bandhan Mutual Fund, delves into the economic landscape of the Euro Area and the UK, discussing progress on disinflation, the current monetary policy outlook, and how these factors stand in contrast to the US Fed.

In this episode of Let’s Talk Macro, Sreejith Balasubramanian, Economist, Fixed Income Fund Management at Bandhan Mutual Fund analyses the surprising positive trends in the US economy, points out key areas to watch, and discusses how these developments influence the Fed's policy and market expectations on interest rates.