
Sajjid Z. Chinoy
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Aug 24, 2026
JP Morgan's Chief India Economist Warns: Foreign Money Is Running Out Of India | Kushal Lodha #367
23:56
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57:16

Kushal LodhaHOST
So just to simplify, so if imports are more than exports, that is current account deficit, right? Correct.

Sajjid ChinoyGUEST
But there's a more fundamental issue, which is the economy's investment is more than what we are saving.

Sajjid ChinoyGUEST
Then the rest of the investment have to be financed by foreigners through foreign savings.

Sajjid ChinoyGUEST
Now, I mean, a current account deficit, therefore, is not necessarily a bad thing because it's telling you that you're investing more than you're saving.

Sajjid ChinoyGUEST
So for a country of upper capita income, running 2%, 2.5% of GDP current account deficit is actually healthy because it helps you push your investment rates up and it's not unsustainable.
33 MINS LATER

Kushal LodhaHOST
What do you think is the main reason of oil now going back to $75 per barrel? And you think that this is going to be sustainable over the course of like 2026, 2027?
Sajjid Chinoy on Whether India Faces Another 1991 Moment
2:56

Sajjid ChinoyGUEST
So, you know, as you rightly point out, these are unprecedented times in some levels because people talk about this being the largest energy shock ever.
15 MINS LATER
18:29
You were part of a lot of these institutional changes yourself, so you should take some of the credit.
