The Core Report #733 The Markets Enter A New Phase Of Volatility
Nov 23, 2025
Suhail Nathani, a regulatory expert at Economic Laws Practice, discusses India's new labour codes, emphasizing their role in reducing litigation risk and clarifying worker rights. Paul Jeruchimowitz from Accenture dives into the growth of Global Capability Centres, explaining innovative incubation models that allow for rapid setup and the importance of a strong employee value proposition to attract talent. The conversation touches on the significant shifts in market volatility, the rupee's decline, and the challenges faced by U.S. oil producers amidst fluctuating prices.
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ISRO's Autonomy Fueled Success
- Govindraj recounts how ISRO's autonomy and leadership fostered success compared to defense manufacturing.
- He contrasts ISRO's origins under Vikram Sarabhai with Hindustan Aircraft's later government takeover and slowed progress.
Tejas Crash Highlights Long Delays
- Govindraj describes the Tejas crash at the Dubai Air Show and how it exposes long-term problems in India's defense production timeline.
- He notes Tejas took decades from approval to various clearances and highlights concerns about delayed deliveries and supply-chain issues.
Markets Enter A Polarized Volatility Phase
- Markets have entered a new phase of volatility driven by polarized views on AI and mixed signals on macro fundamentals.
- Trader psychology flipped from buy-the-dip to sell-the-rip, magnifying swings in both US and Indian markets.