Zerodha Subtext

Subtext is an education initiative by Zerodha. Finance is full of noise. Everyone reacts to what just happened. We’re more interested in why it’s happening—and what lies beneath.

Subtext is a weekly series of conversations with people who have spent years thinking deeply about finance. Not necessarily the loudest voices, but those with real depth: traders who understand market structure, fund managers who have lived through multiple cycles, economists tracking India’s macro story, regulators shaping capital markets, founders building financial infrastructure, and VCs backing these companies.

What we cover: finance, trading, investing, capital markets, regulation, macro, and policy. We’re India-focused, but not India-only.

What we’re not: another site reporting “what’s happening.” There are plenty of those. We’re here for nuance, hidden intricacies, and the subtext.

If you have any suggestions for us, write to us at markets.team@zerodha.com.