Subtext by Zerodha

Epizody

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  Rajashree Murukute on India's Municipal Bond Market 20.08.2026 50min

  In this episode, Kashish sits down with Rajashree Murukute, Senior Director at CARE Ratings, to understand why India’s municipal bond market hasn't taken off and what it will take to mature.
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  Arpit Tandon on the road ahead for Indian IT 13.08.2026 1h 7min

  In this episode of Subtext by Zerodha, Pranav sits down with Arpit Tandon, Director of AI Strategy at CGI, to understand what AI really means for the Indian IT industry.
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  Mausam Kumar on the state of India’s industrial policy 05.08.2026 1h 37min

  In this episode, Pranav Manie sits down with Mausam Kumar, post-doctoral researcher at Princeton, former industrial policy fellow at Harvard Kennedy School, and PhD from IIT Bombay to unpack how India’s industrial policy really works, what the role of individual states is in the process, who drives the finance it needs, and how it interacts with external factors like China.
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  Sagar Lele on how to read company results like an analyst 29.07.2026 1h 30min

  In this episode of Subtext, host Kashish sits down with Sagar Lele, Executive Director at Paterson Securities, to break down one of the most intimidating yet essential skills in finance: decoding quarterly earnings. From navigating investor presentations and spotting structural shifts to building mental frameworks that separate signal from noise, this conversation strips away the jargon and explains, from an insider's perspective, how to truly read the pulse of corporate India.
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  Amit Tripathi on monetary policy and Indian banks 23.07.2026 52min

  In this episode of Subtext, host Kashish sits down with Amit, CIO of Fixed Income at Nippon India to break down one of the most misunderstood concepts in Indian finance: monetary policy transmission. From repo rates and CASA ratios to liquidity dynamics, FCNR deposits, and the future of securitization in Indian banking, this conversation strips away the jargon and explains, from first principles, how money moves through the Indian economy.
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  Suyash Singh on finding spaces in the space business 20.07.2026 1h 12min

  In this episode, we sit down with the founder of GalaxEye to explore one of the most audacious bets in Indian deep tech: building a satellite that can see through clouds. We go deep on the technology behind Optical SAR (OptiSAR) — a fusion of multi-spectral imaging and synthetic aperture radar — and why consistent, all-weather satellite imagery could be as transformative as GPS.
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  Tamal Bandyopadhyay on microfinance industry cycle 08.07.2026 41min

  In this episode of Subtext, I sit down with Tamal Bandyopadhyay — veteran banking journalist and senior advisor at Jana Small Finance Bank — to unpack the microfinance credit crisis of 2023–24.
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  Brad Setser on the dollar and the world's trade imbalance 22.06.2026 1h
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  Zohra Khan on the Indian EV infra industry 17.06.2026 1h 8min
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  Amit Kumar Gupta on copper supercycle 09.06.2026 47min

  In this episode, we sit down with Amit Kumar Gupta from FinTrekk Capital to break down the copper market — from AI-driven demand and falling ore grades to the value chain dynamics between miners, smelters, and downstream players. We also explore India's copper story, the Sterlite plant shutdown, and how retail investors can play the copper theme. Amit Kumar Gupta - https://x.com/amitgupta0310
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  Decoding Bain's India Venture Capital report 04.06.2026 1h 27min

  India's venture capital market is maturing - but are we asking the right questions? In this episode, we sit down with Aaditya Shukla and Aaditya Muralidhar from Bain & Company, co-authors of the annual India VC Report, to go beyond the headlines and into the nuance.
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  Ajay Srivastava on India's place in the chaos of world trade 27.05.2026 57min

  The rules-based world trade order is fracturing — and India needs a strategy. In this episode, we sit down with Ajay Srivastava, founder of the Global Trade Research Initiative and veteran of India's Trade Service, to make sense of what's happening in global trade and what it means for India.
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  Rosa & Tamoghana on India's Youth Employment Crisis 19.05.2026 41min

  In this episode, Kashish sits down with Rosa Abraham and Dr. Tamoghna Halder (professors at Azim Premji University) to discuss the State of Working India Report 2026 — a deep dive into India's labour market and what it means for the country's youth.
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  Kyle Chan on China's industrial dynamics 08.05.2026 41min
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  Pranay Kotasthane on Navigating the New Uncertain World 04.05.2026 1h 29min
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  Dr. Aradhna Aggarwal on SEZs, their role in economic development, and India's growth ambitions 30.04.2026 1h 4min
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  Ameya P on how Indian IT can flip the AI script 22.04.2026 49min
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  What Phillip Capital learned running a fund in GIFT City? 15.04.2026 38min
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  Deepak Shenoy on what's happening with the rupee 13.04.2026 35min
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  Rory Johnston (oil expert) on what's happening in the oil markets 09.04.2026 39min