(co-authored with Lekha Chakraborty)

Artificial Intelligence (AI) and Machine Learning (ML) are transforming the global financial landscape by enabling systems to analyze complex data, predict outcomes, and automate decision-making. While AI broadly refers to machines simulating human intelligence, ML is a subset where algorithms learn patterns from data to improve …

A rate cut by the Reserve Bank of India on 6th June last month— bringing the repo rate down to 5.5%—could cast a long shadow on next year’s surplus, potentially reducing the size of the FY26 dividend and, with it, the government’s fiscal headroom. This possibility adds a layer of …