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In Part 3 of India’s Dollar Economy, Raghav Bahl turns from corporations and foreign investors to ordinary Indians, NRIs and dollar-millionaires—and examines how their money is moving beyond India’s borders.
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India’s economy saw strong growth during the first years of the Modi government, with GDP growth crossing 8% and FDI inflows nearly doubling to $60 billion. The period also saw falling crude prices, a tax windfall, Aadhaar, and the rollout of GST.
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India saw strong FDI inflows under Modi, but harsh tax disputes, a tougher 2016 investment treaty model and mass BIT exits left foreign investors exposed. Many pulled out $230 bn instead of reinvesting. Raghav Bahl asks: Will India now rethink how it treats global capital?
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The piece reflects on the 20 July 2026 Jantar Mantar student protest, comparing it with UK, Taiwan and South Africa movements to show how states mix coercion and concessions, and urges dialogue over force. Raghav Bahl asks: Will India choose engagement over intimidation?
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India’s record-breaking T20 World Cup win saw an ecstatic celebration, but the joy was short-lived as stock markets crashed the next morning due to global events. Studies show cricket defeats hit markets harder than wins. Raghav Bahl asks: Can India’s cricket and equity cults shape each other’s future?
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We break down nine vital resolutions India needs in 2026 to strengthen its democracy and revive its economy.
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India just posted a stunning 8.2% GDP growth number. At the same time, the rupee slid sharply and interest rates were cut.
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In this video, we explore a compelling Raghav's Take that revisits an important 'what-if' question: What if India had built its democratic system on Proportional Representation (PR), like South Africa did in 1994?
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What if India didn’t use First Past the Post (FPTP) for its parliamentary elections? In this video, we break down The Quint’s opinion on how India’s electoral system shapes our democracy and why many of the world’s top democracies use Proportional Representation (PR) instead.
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In an America split between red rage and blue outrage, could the center be making a comeback?
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