So McKinsey just released a report titled - Is Asia heading
toward a debt crisis?. And here's a tweet thread simplifying some of the most important points
Households & Governments across Asia Pacific have been borrowing a lot lately. Meaning we've seen a huge rise in Debt to GDP in countries like Singapore and China. India's situation is also bad, but not as bad because households in India don't borrow to spend
That's where the good news ends. One look at Indian corporates and you know its bad. As of 2017, 43% of all long term loans issues to corporates were held by companies that barely made enough profits to service their interest (Interest Coverage<1.5). #Stressed
It’s also troublesome because their ability to turn around performance and repay the debt requires working across multiple stakeholders—regulators, consumers, local
and national governments, and the companies
themselves—making recovery much more
complicated for corporates
Also the boom of shadow banking (NBFCs) hasn't exactly helped matters either with most NBFCs having created long term loans using short term funds. And with the IL&FS crisis, we are at a point where the cost of funding is slowly inching up as everybody is now scared to lend.
The equity buffer to support such a crisis is also dwindling and the inflow of monies from other countries have only magnified risks as they are well known to vacate emerging markets during times of crisis.
So what could trigger the crisis?
Many things, but the most important of which is the ongoing trade war. For example, analysts have estimated that an aggressive trade war between the United States and China could cut GDP by 1.7 to 2.5 percent in both countries and the ripples could soon spread to India as well
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Imagine a scenario, when India abolishes all taxes and goes tax free!
How would that go by for the country? We evaluated some of the possible scenarios and here's what we found out 👇🧵
1/ In India, we pay taxes for a myriad of reasons. GST, TDS, Income Tax, other indirect taxes and what not.
And your tax money is almost close to 35 to 40% of what you earn.
This is close to what citizens in Germany, France, Netherlands and other countries pay. But, are we getting the most out of the taxes we pay?
2/ In India, less than 6% of Indians file for Income Tax Returns. And out of those filing returns, probably 2% actually pay any significant taxes. That makes the salaried middle class hold up the entire state machinery.
Jio and Airtel could be in serious trouble with the government for this one big move!
And this move is already creating a digital access crisis that no one is talking about!
Here's all you need to know 👇🧵
1/ Out of nowhere, Jio and Airtel discontinued their ₹249 entry-level plans in August 2025. Forget price hikes, this is the clean removal of the most basic 1GB/day recharge.
2/ Why does this matter? These so-called “affordable” packs weren’t for high-flyers. 20-25% of Jio’s and 18-20% of Airtel’s entire subscriber base depended on these plans for mobile internet.
A one rupee coin costs more than its value for the government to mint!
Here’s how the government is operating in thin margins while minting coins as currencies 👇🧵
1/ When UPI arrived in India, it didn’t just boost digital payments, it transformed the nation’s payment culture. It pushed physical currency, especially coins into the shadows.
UPI transactions exploded from Rs. 64 lakh in March 2017 to Rs. 1,830 crore by March 2025.
Meanwhile, India’s coin production plummeted 88% between 2017-2024, down to just 120 crore coins. Currency notes, however, increased only about 10% in the same period.
2/Interestingly, minting has been an expensive affair for the government. Back in 2018, making a Rs.1 coin cost Rs.1.1, which means a pure loss on every single coin.
Also, the profit margins on making Rs. 2 and Rs.5 coins are also very thin.
But despite this economic loss and barely 15% minting capacity usage, the Rs. 1 coin still makes up 40% of the coins in circulation. Why?
Hospitals are earning record profits, yet access to healthcare remains lowest in India.
But why ?
We dug deep on this issue and here's what we found out👇
1/ Before getting into what’s happening, you need to understand what Average Revenue Per Occupied Bed or ARPOB means.
It essentially translates to hospitals tracking revenue per occupied bed, just like hotels do per occupied room.
And ARPOB across major hospital chains are at an all time high!
2/ Max Hospital is making ~Rs 78,000/day/bed
Fortis is making ~ Rs 73,000/day/bed
Medanta is making ~ Rs 67,000/day/bed
Apollo is making ~ Rs 62,000/day/bed
Now, when occupancy rates are still around 65%, how are these hospitals making such record profits?
Here's All you need to know about the upcoming Jio IPO and more such highlights🧵
1/ Mukesh Ambani announced Jio IPO likely in the first half of 2026, marking a key milestone for Reliance’s telecom arm. This listing is a key unlock for investors and reflects the maturing digital market in India amid rising demand for connectivity and digital services post-pandemic.
2/Reliance is building the world’s largest clean energy ecosystem: battery gigafactories (40-100 GWh output), solar PV manufacturing to scale to 20 GWp, and green hydrogen production. Furthermore, Jio-BP will expand its EV charging network and mobility fuels, driving India’s green mobility transition.