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Publications

Blog September 11, 2026

Distributed Ledger Technology and Smart Contracts in the Financial Sector

By Sridhar Ganapathy, Keith Fernandes & Shubham Shinde

Tokenisation will contribute to improving liquidity and deepening the corporate bond market in India while reducing barriers to affordable capital for MSMEs

Op-ed September 11, 2026

Opinion | Recall Black Monday? What AI algorithms could do to financial markets is much harder to fathom

By Dr. Niranjan Rajadhyaksha

AI is reshaping financial markets, but could it also create new forms of financial instability? New research from the European Central Bank explores how AI agents could amplify panic, disrupt coordination and reshape market risks.

Op-ed August 18, 2026

India’s federal bargain with states needs a reset for fiscal responsibility: Here’s what may work

By Dr. Niranjan Rajadhyaksha

The aggregate fiscal deficit numbers hide the diversity among Indian states, what measures can be embedded in the fiscal architecture to incentivise them to improve their fiscal management

Job Opening August 17, 2026

Senior Associate

We are seeking applications for the position of Senior Associate at Artha Global

Op-ed July 16, 2026

India is fast urbanizing but the path remains poorly lit: here’s how robust data could change that

By Dr. Niranjan Rajadhyaksha

India’s urban population is growing faster than official numbers indicate. Three measures could help ensure a regular supply of robust data to facilitate the transition.

Op-ed July 2, 2026

Opinion | An emerging economy’s exchange rate policy is not always about economics. Here’s why

By Dr. Niranjan Rajadhyaksha

Exchange-rate policy is shaped by more than economic fundamentals. In his latest Mint article, Dr. Niranjan Rajadhyaksha examines how politics, institutions, and market dynamics influence currency management in emerging economies.

Op-ed June 18, 2026

Opinion | Stress on the external front must not obscure domestic chal­lenges

By Dr. Niranjan Rajadhyaksha

India’s household economy tells a different story than headline growth. Stagnant real incomes are reshaping how families save, borrow, spend, and work—revealing domestic challenges that deserve as much attention as external risks.

Op-ed June 3, 2026

Opinion | Chinese FDI is wel­come but stay vigil­ant on innov­a­tion spill­backs

By Dr. Niranjan Rajadhyaksha

India needs foreign capital, but new evidence suggests Chinese FDI may also facilitate technology transfer back to parent firms. As investment rules ease, policymakers face the challenge of balancing growth with strategic caution.

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