Kaustubh Sule

Industrial profits rose 1.4% on a YTD basis compared to a year ago and 3% y/y compared to 2.6% y/y in March. This was stronger than markets expected and reflects higher earnings in the equipment and high-tech manufacturing sectors. Private enterprises continued to outperform at 4.4% on a YTD basis, followed by foreign invested at 2.5% y/y and share

In absolute terms, total credit card spending has become large now. In absolute terms, the total spending through credit cards has almost tripled in the last 5 years. In FY25, the total spending through credit cards was over 6% of GDP or ₹21 trillion (US$250bn) in absolute terms. And almost 100% of the credit card payments are final household cons

We are coming towards the end of the 4Q results season and the results so far have been muted. In terms of revenue growth, 4QFY25 will likely be the 8th consecutive quarter of single-digit growth. Of the companies that have reported so far, revenue growth has totalled 7% YoY, down from ~8% in the preceding two quarters.

While many focus on our rising interest costs to service our rising debt amounts I dont much care. We pay our interest to our citizens. Our existing debt service costs are mostly just a small symptom of the theft. The big thing to worry about is our primary deficit. That has grown far faster than our interest cost. Each year our primary deficit lay

Right now, there are two important policy changes that have come out in 2025. The first is DOGE aimed at eliminating waste, fraud and abuse in the government. The second is tariffs aimed at making global trade more fair

Which matters more?

The chart today looks at each in terms of their size relative to the GDP of the US. The scales are different to

What generalists are

Generalists are usually curious people who like to hop around from domain to domain. They enjoy figuring things out, especially in areas that are uncertain or new. They’re good at solving problems that domain experts struggle with, because they’re able to bring bits of knowledge from diverse fields together.

As Nat notes, because

He reframes what it means to be a generalist—not just someone with shallow knowledge across multiple domains, but a curious, adaptable problem-solver who thrives in environments where rules are unclear and patterns aren't obvious. In an allocation economy, the winners won't be those who know all the answers, but those who know which questions to as

#4—Prompting is a finicky art, but a worthy investment While it would be great if the three techniques I’ve shared so far immediately transform your prompts, there's a decent chance they will fall flat for your use case. My guess is that they will even become irrelevant as models become smarter and more cost-effective over time. My point in sharing

#3—Be methodical about the examples you provide The staple of any few-shot prompt is its examples. I had strict screening criteria for the examples that were added to my contrarian, punchy, tweet Spiral. The only tweets that were allowed were those that: did not exceed the single-tweet word count (i.e., were not a thread or long post) had over 100,