Rate cuts, rupee realism, and reform—Nilesh Shah doesn’t hold back. In this candid exchange with Manoj Rane, the Kotak Mutual Fund MD and Prime Minister’s Economic Advisory Council member, unpacks India’s monetary policy shifts, the state of the corporate bond market, capital flow dilemmas, and the path to sustainable growth. Insightful, bold, and refreshingly honest—don’t miss this edition of Market Makers.