India Faces Oil Shock

Why Gulf Crude Costs More

Russian Discounts Vanish

Freight Costs And Supply Crunch

Refiner Margins And Break Even

Who Pays Government Consumers

Diversifying Beyond The Gulf

What Brings Prices Down

Wrap Up Key Takeaways

Brent above $90 doesn’t tell the full story of India’s oil bill. Tight physical supplies have pushed some Gulf crude to a hefty premium, while the Russian discounts that helped Indian refiners after the Ukraine war have largely vanished. Disruptions in West Asia have also forced India to source more oil from farther-flung suppliers, adding freight costs. Anirban Chowdhury speaks to ICRA’s, senior VP and Co-Group Chair Prashant Vasisht about why the physical crude market has diverged from benchmark prices, what it means for refinery and marketing margins, whether consumers could eventually feel the pain, and what could bring India’s crude costs down. Listen in

Brent above $90 doesn&rsquo;t tell the full story of India&rsquo;s oil bill. Tight physical supplies have pushed some Gulf crude to a hefty premium, while the Russian discounts that helped Indian refiners after the Ukraine war have largely vanished. Disruptions in West Asia have also forced India to source more oil from farther-flung suppliers, adding freight costs. Anirban Chowdhury speaks to ICRA&rsquo;s, senior VP and Co-Group Chair Prashant Vasisht about why the physical crude market has diverged from benchmark prices, what it means for refinery and marketing margins, whether consumers could eventually feel the pain, and what could bring India&rsquo;s crude costs down. Listen in

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists from the Economic Times chat with reporters and industry leaders in this thrice-weekly (Tuesday, Thursday, Friday) podcast.

The Morning Brief

India’s Costly Crude Problem

Is India Really Booming

Meet the Economist

Why 7.8% Fails Reality

The Import Shock Clue

GDP Deflator Explained

Double Deflation Debate

PPI Data Transparency Gap

 Services and Informal Sector

Jobs and Market Disconnect

What Must Change Next

Wrap Up and Takeaways

India’s latest GDP estimate shows the economy growing at 7.8%. Rajeswari Sengupta, associate professor of economics at the Indira Gandhi Institute of Development Research is unconvinced. She tells Anirban Chowdhury why weak job creation, subdued investment, falling import volumes and an unresponsive stock market sit uneasily beside the headline number. She also explains why a low GDP deflator is economically logical, how double deflation is supposed to improve measurement, and why India’s new producer price indices raise questions. The government may have corrected important weaknesses in the earlier GDP series. But without detailed sources, methods and historical comparisons, Sengupta argues, economists cannot independently establish what changed—or whether the new number is credible.

India&rsquo;s latest GDP estimate shows the economy growing at 7.8%. Rajeswari Sengupta, associate professor of economics at the Indira Gandhi Institute of Development Research is unconvinced. She tells Anirban Chowdhury why weak job creation, subdued investment, falling import volumes and an unresponsive stock market sit uneasily beside the headline number. She also explains why a low GDP deflator is economically logical, how double deflation is supposed to improve measurement, and why India&rsquo;s new producer price indices raise questions. The government may have corrected important weaknesses in the earlier GDP series. But without detailed sources, methods and historical comparisons, Sengupta argues, economists cannot independently establish what changed&mdash;or whether the new number is credible.

India’s 7.8% GDP: The Number That Doesn’t Add Up

Deal Boom Returns

Why Proactivity Wins

Supply Chains And Tech Spend

Scale Premium And Stability

Investing In Resilience

China Turns Inward

Rates Oil And Deal Risk

I ROI And Valuations

AI Inside JPMorgan

India Foreign Capital Case

Old Economy Contrarian Bet

ET opens its World Leaders Forum podcast series with Anu Aiyengar, global chair of investment banking, J.P.Morgan. In conversation with Anirban Chowdhury, she explains why uncertainty is driving—not deterring—big-ticket deals, and why companies are buying scale, stability and resilience. She examines the risks posed by rising yields, inflation and oil, the curious leeway investors are giving AI spending, and how automation is reshaping entry-level investment-banking work. Aiyengar also makes the case for India as an under-owned market and reveals her contrarian bets on old-economy businesses, healthcare and cross-border dealmaking over the next five years.

ET opens its World Leaders Forum podcast series with Anu Aiyengar, global chair of investment banking, J.P.Morgan. In conversation with Anirban Chowdhury, she explains why uncertainty is driving&mdash;not deterring&mdash;big-ticket deals, and why companies are buying scale, stability and resilience. She examines the risks posed by rising yields, inflation and oil, the curious leeway investors are giving AI spending, and how automation is reshaping entry-level investment-banking work. Aiyengar also makes the case for India as an under-owned market and reveals her contrarian bets on old-economy businesses, healthcare and cross-border dealmaking over the next five years.

J.P.Morgan’s Anu Aiyengar on Mega Deals, AI’s Banking Reset and the India Bet

Welcome And Setup

Nepal Weather Turns Strange

Glacier Floods Escalate

Building Too Close

Roads Tourism Risk

Western Ghats Warning

Risk Informed Development

 Limits of Early Alerts

Cross Border Cooperation

Closing Credits

Climate change is making extreme weather more frequent and unpredictable. But are we making its consequences worse?

Across the Himalayas and the Western Ghats, glaciers are collapsing, rainfall patterns are shifting and landslides and flash floods are becoming increasingly destructive. At the same time, roads, hotels, hydropower projects and settlements are pushing deeper into fragile landscapes.

Reported by Alenjith K Johny, narrated by Anirban Chowdhury

Climate change is making extreme weather more frequent and unpredictable. But are we making its consequences worse?
Across the Himalayas and the Western Ghats, glaciers are collapsing, rainfall patterns are shifting and landslides and flash floods are becoming increasingly destructive. At the same time, roads, hotels, hydropower projects and settlements are pushing deeper into fragile landscapes.
Reported by Alenjith K Johny, narrated by Anirban Chowdhury

ET Deep Dive: When Development Turns Disaster

India’s Costly Crude Problem

The Morning Brief

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