Rajangam Jayaprakash

Who is going to buy all the shares that venture capital & private equity investors eventually need to sell? For years, the Indian startup narrative was dominated by capital deployment. Investors competed to discover the next unicorn, founders competed for larger funding rounds, and valuations became the shorthand for success. But the cycle has changed. The next phase is likely to be defined not by the availability of capital, but by the availability of liquidity. This is the Great Liquidity Wall

For thirty years, I have understood respect as recognising the dignity of another without surrendering my own. Yet the Dharmic ideas of ādara, mariyādai and praṇipāta challenge me to look beyond equality towards humility and reverence. My struggle is not with dignity, but with learning to bow without becoming submissive, question without arrogance, and recognise what is worthy of reverence. Perhaps respect is ultimately a discipline of the self.

Every GDP number gets scrutinized — rightly so, since it's a modelled estimate, not a cash register reading. But this quarter's 7.8% growth has a hard cross-check: GST collections, which cover nearly the entire economy except farm output, grew 14-15% for three straight months. When tax data, state-level activity, and corporate earnings all move together, that's no longer one model's assumption — it's evidence. Here's how the numbers line up.