Bharatnomy🇮🇳
India's economy, read as one connected system.
Bharatnomy is an independent research firm studying India's economy layer by layer, because they move together. We combine economics, finance, law, and policy into a single research method. Every claim we publish will carry a citation, and every dataset will be open.
Our mission is to democratize high-rigor, home-grown research so Indian citizens and market actors can make informed decisions — and hold government accountable.
Focus areas
Where we are putting research attention. We treat these five areas as connected, not separate.
Climate adaptation & resilience
Research lens — institutional readiness, climate risk, resilience infrastructureHow India's institutions are, and are not, preparing for a hotter, less predictable future.
Energy policy & markets
Research lens — transition economics, policy design, market signalsThe economics behind India's coal-to-renewables transition, not just the headlines.
Macroeconomic health
Research lens — growth, inflation, fiscal capacity, economic conditionsNational growth, inflation, and fiscal capacity, read plainly and traced to primary data.
Equity markets
Research lens — capital markets, market drivers, investor behaviourWhat is actually moving Indian capital markets, and why, separated from market narrative.
Commodity markets
Research lens — price formation, supply dynamics, the real economyThe real-economy forces behind commodity prices, not the headline number alone.
Why now
Two forces make this work urgent. Democratic backsliding and social-media-driven misinformation are weakening the evidence base behind public decisions. At the same time, most existing research on India's economy defaults toward partisan framing or sits behind institutional paywalls — not because researchers set out to be partisan or exclusive, but because that is the path of least resistance.
Bharatnomy is built against that default. We are independent by design, and we are writing for people outside the room where policy gets written.
Who this is for
Civic actors & citizens
Primary needTransparent, evidence-based data and systems-level analysis that connects issues most coverage treats in isolation, so a long-term national impact is easier to evaluate.
Market & institutional actors
Primary needRigorous, non-partisan primary datasets and macro-level risk assessments that integrate local socio-cultural context and regulatory tail-risk, not just headline indicators.
We're building our first body of work in public
Get an email when research, datasets, or dashboards go live. We only send one when there is something real to share.
Email namaste@bharatnomy.comWe have not published a paper yet.
This page states our method and current status directly, instead of presenting placeholder output as finished work. Below: how we plan to work, and what is already underway.
Our approach
Every paper we publish will sit inside one or more of five areas: climate adaptation and resilience, energy policy and markets, macroeconomic health, equity markets, and commodity markets. We treat these as connected. A paper on energy policy will typically touch fiscal capacity; a paper on climate resilience will typically touch capital markets.
Our output will take three forms:
Working papers
The full technical version, for readers who want the complete method and underlying data.
Reports
Longer-form, structured analysis meant to stand on its own without a companion paper.
Policy briefs
Short and direct, built for readers who need the conclusion and its practical implication quickly.
Currently in progress
Tracking Heat Action Plans across Maharashtra
Indian districts are increasingly required to hold Heat Action Plans, but having a plan on paper and implementing one on the ground are different facts. We are building a district-by-district record of what is documented versus what is operating.
Open questions we are pursuing
- Which under-reported macroeconomic indicators give citizens and investors the clearest decision-making signal?
- Can systematic public-data collection compensate for delays or gaps in official reporting?
- What are the localized socio-economic trade-offs of moving away from coal in energy-dependent regional economies?
- How can public datasets better capture real-time climate-adaptation readiness at the district level?
What we choose to study
A topic is in scope when it meets a high bar for national significance, has clear utility for citizens or market actors, and touches at least two of law, economics, policy, and finance. We rule out siloed, single-discipline topics and purely theoretical work without actionable public or market utility, regardless of how interesting the underlying academic question is.
Want to know when our first paper is out?
We will only email when there is something real to share.
Email namaste@bharatnomy.comNo dataset is public yet. Here is what we're building toward.
Reliable research depends on reliable data, and reliable data on India is often the harder half of the work — scattered across sources, inconsistently defined, or simply hard to find. Building that properly, before releasing anything, is the point of this page.
What we're building
Original survey data
Collected directly, for questions where existing data does not go deep enough.
Cleaned government data
Numbers that already exist, made usable — the unglamorous work of normalizing formats across sources.
Proprietary indices
Composite measures we build ourselves, when no existing metric captures what we think matters.
The standard, before the release
Official Indian datasets are frequently inconsistent with one another, and reporting delays are common. Part of our data work is building around that reality rather than assuming it away.
Tell us what to build first
This page will fill in as datasets go live. If a specific dataset should exist and does not, that is genuinely useful input for what we prioritize first.
Email namaste@bharatnomy.comIndia, state by state — still in the build phase.
Numbers rarely mean much in isolation. We are building one interactive profile per Indian state, covering climate resilience, energy, macroeconomic health, and market activity, designed to be explored rather than only read.
What to expect
Each profile will let a reader move between the national picture and a single state, or compare states against each other directly. Profiles will roll out as they clear our data-verification standard, rather than all at once.
| Indicator | Latest value | National rank | Trend |
|---|---|---|---|
| Heat Action Plan status | — | — | pending data |
| Fiscal capacity index | — | — | pending data |
| Renewable share of grid | — | — | pending data |
| Gross state value added | — | — | pending data |
Table shown to illustrate the intended layout. No figures are populated yet.
How we're designing it
- Sticky column headers and explicit units, so a long table stays readable while scrolling.
- Direct on-chart data labels — no finding that requires a hover to see.
- Contrast built to WCAG AAA, checked before launch, not after a complaint.
- Colour reserved strictly for genuine data thresholds, never used as decoration.
Get notified as state profiles go live
Email namaste@bharatnomy.comAn independent research firm studying India's economy as one system.
Climate, energy, capital markets, and public policy interact continuously. Bharatnomy studies them that way, rather than in separate silos. This page covers why the firm exists, how it thinks, and who is behind it.
Why we started
Most research on India's economy is built to serve one audience: other specialists. We are building ours for a wider one — investors, civil servants, journalists, and anyone who wants to understand how the country actually works, not just what happened this week.
How we think
A heatwave is simultaneously a climate story, an energy story, an agriculture story, and a fiscal story. Research that addresses only one of those threads produces an incomplete answer. Our method puts law, economics, policy, and finance in the same room on the same question, from the start of a project rather than as an afterthought.
We are independent, and we intend to stay that way. That shows up in what we choose to study, who funds it, and how plainly we are willing to write it — not in a mission statement.
Where we start, and what we check
What we bring
Multidisciplinary synthesis across law, economics, policy, and finance, and a habit of grounding technical findings in India's social and cultural realities rather than treating them as abstractions.
What we check independently
Commercial market mechanics and dashboard or product design sit outside our founding expertise. Both get independent review before anything reaches a reader.
The team
Sanchit
PartnerBackground in finance and wealth management, bringing a practitioner's view of capital markets and how policy decisions move money in practice, not only on paper.
Kartik
PartnerPolicy and social-impact professional who runs his own think-and-do tank. Previously worked with the World Bank in Washington, D.C. and with the Maharashtra government, and studied public policy at the University of Chicago.
Srikar
Partner & CEOTrained originally in the natural sciences, with a master's degree in medical nanotechnology, before moving into policy research. Studied public policy at the University of Chicago and has since focused on qualitative, field-based research.
Bharatnomy is a young firm. We think that is worth stating plainly, not hiding.