India’s GDP expected rebase: • Total GDP: ₹400 Trillion (~$4.5T) • Base Year: 2022-23 (from 2011-12) • Fiscal Deficit: 4.3% • Debt-to-GDP: 55.6% (Falling) • Capex: ₹12.2 Lakh Cr ($134B) The shift leapfrogs India toward the world's 4th largest economy! 📈

No doubt stablecoins gaining traction. BULL: Q4 Rev $770M (+77% YoY), Net Inc $133M. Core profitability is solid with stable 40% RLDC margin. BEAR: High Fed risk. A massive 95% of Q4 rev ($733M) comes directly from reserve interest yield. Tether still holds offshore dominance.

US Household Debt hit $18.8T in Q4 '25. 🚨 The strain: Serious credit card delinquencies (90+ days) surged to 12.7% (highest since 2011) & auto loans hit 5.21%. The buffer: Jan '26 unemployment sits at 4.3% with wages up 3.7% YoY. Consumers are bending, not breaking yet.

PBoC gold reserves reached 2,308 tonnes in January 2026, valued at $369.6 billion. This reflects a 260% surge since October 2022 and a 15-month buying streak. Gold now comprises 5% of China’s total reserves, compared to 69% for the U.S., as China diversifies away from US assets.

Wait till they figure out how industrial companies make profit. Look at any industrial company & notice most of their backlog is through their highly profitable service contracts. Half of those service backlog is just engineering which is heavily susceptible to AI.

CEOs should take ownership & show how they are using AI tools & automating their own work. I can bet that most CEOs have no clue how to use AI tools beyond chatbots.

Things in AI are moving so fast that people are unable to keep up. Gap between what’s available in market & skills to use them is huge. Space is full of opportunities for startups, because enterprise folks are busy pushing emails around.

It is crazy to think what's going on. If AI capabilities are maxed by any individual or company, this is already possible for many companies. Main show is that Enterprise inertia is much much larger than people think.

And no real innovation in last many years. People don't wanna pay 30% extra for slightly better camera & slightly brighter screen.

This is very true. Gap between what AI is capable of doing and what people are using it for is huge.

Economy is on right path in India

Open source will work in Enterprises also as no company can afford to be stuck with one model where the leader changes every month. It will be more of 50:50 or 70:30 split between open & closed source models which Enterprises will use going forward.

Many things have changed since last year and more developments are in horizon. Deepeeek new model on horizon. Now the only question is how fast diffusion will happen & if Enterprises will be able to hold on or capitulate. ft.com/content/e33668…

India solar transition will have implications in India and beyond too. There are many 2nd & 3rd order effects which aren't known yet. Solar + BESS is the future!

If people want to avoid discussing anything important with Europe & go ahead with their plans, then all such important decisions should be taken just before the weekend or during holiday season of Europe.

Will be interesting to see if people continue building new gas based power plants in countries with no access to domestic gas. This might have bigger implications in positive ways for solar & battery tech.

Every leader in Indonesia has said the same. Fact is country is still stuck in low end work and in coming years will be squeezed further by others.

Many countries will come to same conclusion after what has happened in last few years. For large countries being self sufficient in renewables is the way to go, with O&G dependency reducing as much as practically possible.