EQ Saturday Sapience #192
Equity Intelligence 10th October 2026
“Inflation is taxation without legislation.” —Milton Friedman.
The $1 trillion dollar energy opportunity: In this episode, Sumant Sinha, Chairman and CEO of ReNew provides a comprehensive breakdown of India’s energy transition. Watch more
Will Bonds blow up – Rich-world governments, whose debts are now about double their 2000 levels relative to GDP, face the highest borrowing costs in decades. A US AI boom, an Iran-war energy shock and fears of populist inflation are driving bond yields up. America and Japan can cope for now, but Europe is most exposed, especially France, with a 5.4%-of-GDP deficit and a populist frontrunner for 2027. Read more
India’s Manufacturing Moment? – In Gujarat, textile manufacturer Raghuvir Exim is building a 200-acre export factory designed for scale. The bigger story is how India could move up the manufacturing value chain — not just by assembling products, but by combining modern technology, large-scale operations, export competitiveness and a deeper workforce. Yet manufacturing’s share of India’s GDP has remained around 16% for a decade. Impressive factories are emerging, but the real test is whether they can become the norm. Read more
The AI Energy Bottleneck: It’s Not What You Think – America’s AI boom is running into an unexpected constraint: not a shortage of electricity, but the inability to connect new data centres to the power grid. The Stargate project in Texas alone is expected to require 1.2 gigawatts of power — enough for roughly 313,000 American homes. Yet grid connection can take years, partly because projects wait in a first-come, first-served queue alongside speculative proposals. Some data centres are now installing their own power plants rather than waiting for the grid. The irony? Electricity may be available, but the infrastructure to deliver it is not. Read more
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