The Core Report #743 Markets Snap A Four Day Losing Streak
Dec 4, 2025
Capt. Amit Singh, an aviation safety strategist with extensive experience in large aircraft operations, joins to discuss the recent disruptions at IndiGo. He highlights how poor planning and pilot shortages led to cancellations and stresses the need for better fatigue risk management. Amit also critiques India's flight duty regulations, advocating for health-based limits to ensure safety. Additionally, he compares IndiGo’s challenges with Air India's pilot capacities, pushing for accountability in the sector.
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Episode notes
Growth Figures May Be Overstated
- HSBC suggests India's reported 8.2% GDP may be overstated due to cyclical boosts and deflator issues.
- Their adjusted estimate places actual growth nearer 7%, altering the policy rate debate.
Rate Cuts Face Transmission And External Headwinds
- Rate cuts may have limited transmission because banks don't always pass reductions to borrowers fully.
- Foreign portfolio outflows and currency pressure complicate the RBI's room to cut rates.
RBI Tolerates Gradual Rupee Weakness
- RBI appears to tolerate gradual rupee depreciation to absorb external shocks and protect exporters.
- Intervention will target volatility or speculative moves rather than defend a fixed level.