Following the events of last week at Jantar Mantar, India has got a new task force to fix its examination system. But what should the fix look like? Renowned economist, Ajit Ranade shares some lessons from the Chinese experience. “In large, unequal societies, the competitive public examination is a ticket to a better life. It […]
Everyone with an email address has met the Nigerian prince who has written to you asking for help in moving billions of his family’s assets outside the country. At a time when online frauds, whether “digital arrests” or fake KYC calls are all around, we thought it worth asking where the OG of cons actually […]
Ray Dalio, a successful macro hedge fund manager, recently followed up his ‘Changing World Order’ thesis (also a book) where China challenges the US as the new world power, with this blog on the ‘Tribute system’. The authors of this piece in the Foreign Affairs begin with the idea: “Following the back-to-back state visits to […]
We suspect every parent reading this is fighting the same quiet war: keeping a child’s eyes on something — anything — other than a glowing screen. It is a battle waged in living rooms from New Delhi to New York, and one that governments are increasingly trying to legislate. Hence, we were delighted to read […]
At Marcellus, we are suckers for well-researched ‘Big History’ books like Yuval Noah Harari’s “Sapiens” or Jared Diamond’s “Guns, Germs & Steel”. Rana Dasgupta’s brilliantly researched “After Nations” belongs to this very select set of books which make you see the world with a new pair of glasses. For decades, the nation-state has been thought […]
Our bestselling book, Breakpoint, shows that India’s middle class is buckling under a debt load that has no equal in any other large economy — a case we built in no small part using the RBI’s own Financial Stability Reports (FSRs). The RBI’s latest FSR, released in June 2026, keeps ringing the same alarm bells, […]
Marcellus’ Global Compounders Portfolio (GCP) strategically invests in ~40 deeply moated global companies aligned with megatrends, with an aim to provide steady earnings and shareholder wealth compounding. Over the last few years, we’ve seen the world get increasingly intoxicated with the AI narrative. While we certainly see long-term merit in this technology and what it […]
Last weekend, several of us braved the brutal Mumbai rains and the even more brutal Mumbai traffic to catch Christopher Nolan’s new movie ‘The Odyssey’. As rare as going to the movies has become, this was an Odyssey in itself. But the director’s track record makes it all worthwhile. This one though might be Nolan’s […]
Last weekend, Skyroot, an Indian space tech startup, successfully launched its first rocket Vikrant-1, making India only the third country to have private sector orbital launch capabilities. Remarkable achievement by the firm founded in 2018 by former scientists at India’s public sector space venture, ISRO. Whilst ISRO losing scientists to private sector isn’t knew, given […]
There are few things that unite us as much as our love for mangoes does. So, this piece is likely to make you squirm as we learn from The Economist that the Japanese will no longer be buying Indian mangoes: “It has banned fresh mango imports from India, after the world’s biggest producer failed its […]
Last January, a little-known Chinese AI company called Deepseek shocked the world by showcasing model capability comparable to the frontier models but built on meagre resources. Since then, the Americans have pulled ahead, most notably with Anthropic’s Claude. Last week though, another Chinese company, Moonshot AI launched its latest model Kimi K3 which outperforms most […]
The Indian government has been doing quite a bit to shore up the share of manufacturing in GDP. From PLI schemes to labour law reforms, there is a clear push to manufacture more in India for India, as well as for the world. However, these efforts are running into an unexpected wall – the unwillingness […]
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