Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 35 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist and Asia sector strategist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

India: 8.2%YoY Growth in Q2FY26; to Accelerate to 9%YoY in Oct'25-Sep'26

India: Real GDP Grew 7.4%YoY in Jan-Mar'25; Likely to Accelerate to 8% This Year

India Twin Deficit Watch: Fiscal Stimulus to Offset the Trump Tariff Setback to Growth

India Politics: Strategic Quagmire in the Post-Pax Americana

India's Q1 FY 2026 GDP Surprise: 7.8% Growth Amid Tariff Turbulence

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>Spurred by 50bp of rate cuts in Feb-Apr'25, real GDP accelerated to 7.8%YoY in Q1FY26, with GFCF rebounding to 7.8%YoY growth. On the production side, services grew a stellar 9.3%YoY. </li>
<li>The additional 50bp cut in Jun'25 will boost growth in Q2FY26, while an effective 2ppYoY reduction in GST rates will spur consumption and sharply reduce H2FY26 CPI inflation to 1%.</li>
<li>Over the Oct'25-Sep'26 period, the 100bp cut in repo rate and CRR, and 2ppYoY decline in GST, is likely to provide a 2pp kicker to RGDP, enabling 9% growth. </li>
</ul>


Spurred by 50bp of rate cuts in Feb-Apr'25, real GDP accelerated to 7.8%YoY in Q1FY26, with GFCF rebounding to 7.8%YoY growth. On the production side, services grew a stellar 9.3%YoY. 
The additional 50bp cut in Jun'25 will boost growth in Q2FY26, while an effective 2ppYoY reduction in GST rates will spur consumption and sharply reduce H2FY26 CPI inflation to 1%.
Over the Oct'25-Sep'26 period, the 100bp cut in repo rate and CRR, and 2ppYoY decline in GST, is likely to provide a 2pp kicker to RGDP, enabling 9% growth. 


S&P BSE SENSEX Index (SENSEX INDEX EQUITY)

India: After 7.8%YoY in Q1, Monetary & Fiscal Stimulus to Ensure 9% RGDP Growth