Studying capital flow in Indian Finance and Energy
This is a public research journal documenting evolving hypotheses, sector observations, and narrative shifts.
Not investment advice.
Not recommendations.
A record of thinking under uncertainty.
Framework
Instead of tracking thousands of companies, I track how money moves across the economy.
Every observation on this site connects to one of these flows:
- Credit Cycle
- Consumption Cycle
- Capex Cycle
- Real Estate Cycle
- Commodity Cycle
- Export Cycle
- Financialization Cycle
Current Focus
- Power transmission capex acceleration
- NBFC funding cost compression
- Financialization sustainability
Recent Observations
- PSU banks outperform NBFCs despite stable yields
- Transformer delivery timelines extending
- SIP inflows dominating mutual fund flows