Ajay Shah

Ajay Shah, an esteemed economist with decades of experience in financial crises, joins to unravel their complexities. He explains how crises impair financial functions and categorizes them into five types, from banking to securities-market crises. Delving into historical examples like India's 1991 crisis and the 2008 global turmoil, he discusses the role of state intervention and regulatory challenges. Ajay also promotes essential reforms, advocating for a robust financial resolution framework and improved data infrastructure to better prepare for future disruptions.

Richa Sawhney, Partner (Tax) at Grant Thornton Bharat, explains the new Income Tax Act 2025 and compliance changes. Ajay Shah, economist and XKDR Forum co-founder, discusses exchange rate policy and rupee depreciation. They cover geopolitical market shocks, energy supply risks through the Strait of Hormuz, market volatility and how a floating rupee could restore competitiveness.

Ajay Shah, an esteemed economist and policy expert on Indian finance, delves into the transformative journey of India’s financial system. He highlights the historical failures of banking pre-regulation and the impact of nationalization. The evolution of equity markets post-1990s reforms is showcased as a success story. Additionally, Ajay argues for cautious growth in banking to prevent crises and critiques the downsides of capital controls and financial surveillance. His insights on bankruptcy and household finance reveal pressing contemporary challenges.