Watch "Marcellus Webinar: ‘India’s Moment After a Decade of Structural Reforms’ with Marcellus Team." on YouTube

* America circa 1870-1940 is the best mental model to understand the India of today. America underwent networking and infrastructure growth in this era. India is going through a sped up version of this. Suggested reading: The Rise and Fall of American Growth by Robert J Gordon.

* The Economist in the 13 May 2022 edition captures some of these changes. These include growth in transportation and communication services (broadband, telecom etc.), Tax reforms (GST, corporate tax, etc.), Financialization of savings (to mutual funds and stock market). JAM (Jan Dhan, Aadhar, Mobile) forms the basis of the social security system as India transforms crushing lower classes.

* Indian economy is not particularly oil-intensive. Indian economy is 25% manufacturing and 50% services.