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In today's episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets: 1. India’s Power Distribution Reform: Fixing the Discom Problem India’s state-owned power distributors, or discoms, are facing massive losses and rising debt, forcing repeated government bailouts. The Draft Electricity Amendment Bill aims to fix deep structural issues like costly power contracts, politically controlled tariffs, and unsustainable cross-subsidies. This story explains why India’s electricity system keeps struggling—and whether the proposed reforms can finally turn it around. 2. The New Age of Trade: How Globalisation Is Adapting, Not Ending Despite rising tariffs, geopolitical tensions, and talk of deglobalisation, global trade hasn’t collapsed—it has reshaped itself. Global value chains remain largely intact, services trade is growing stronger, and new “connector economies” like Mexico and Vietnam are emerging. This story explores how global trade is quietly adapting to a more fragmented world, and where India fits into this shifting system. Timestamps: 00:00 Intro 00:32 India’s Discom Crisis 12:45 The new age of trade 24:03 Tidbits Visit Coin by https://zerodha.com/open-account?c=ZM... Get smarter every day with our daily newsletter. Subscribe here: https://thedailybrief.zerodha.com/ Checkout Markets By Zeodha's Reddit here: / marketsbyzerodha Checkout The Chatter here: https://thechatterbyzerodha.substack.... Check out our latest newsletter "Aftermarket Report" here: https://aftermarketreport.substack.com/ Listen to this episode on your preferred podcast platform: Spotify: https://open.spotify.com/show/2SJiLdv... Apple Podcasts: https://podcasts.apple.com/in/podcast... Disclaimer: Some image(s) may have been created using Al, no copyright infringement is intended. Note: This content is for informational purposes only. None of the stocks, brands or products mentioned are recommendations or endorsements.