The research that maps the gravity of capital.
Independent capital research and benchmark indices — the editorially-independent research arm of the Sig Analytica institution. Publishers of 11 capital benchmark indices and the Capital Cycle Clock.
Editorially independent — no advisory, banking, or issuer relationships.
Eleven indices. Four factors. One read of the cycle.
Names and taglines below; live values, uncertainty bands, and pillar breakdowns update monthly on the Gravitywell site. Each card deep-links to the live index.
Lifecycle
Form → Work → ReturnCapital Formation Index
The velocity and volume of new productive capital entering India's markets — public and private, in one number.
Capital Efficiency Index
How hard each rupee of capital actually works — the productivity of India's investment, in one number.
Capital Realisation Index
How much capital actually comes back — real cash realised by owners and sponsors, in one number.
Cycle reads
Concentration · Cost · Confidence · StressCapital Gravity Index
How tightly India's capital clusters — into a few funds, sectors, cities, and mega-deals.
Cost of Capital Index
The price of money across the full stack — sovereign, credit, and equity risk capital in one number.
Capital Confidence Index
Forward sentiment across households, founders, and allocators — built to lead activity by two to three quarters.
Capital Stress Index
Where the cracks are forming — leverage, pledges, down-rounds, and insolvency in one fragility gauge.
Flows & access
External · Domestic · Conditions · ReachExternal Vulnerability Index
India's exposure to a sudden stop — foreign flows, the rupee, and the external account in one fragility gauge.
Domestic Capital Index
The depth of India's own capital pool — institutional flows, SIPs, and the financialisation of household savings.
Financial Conditions Index
How tight or loose India's financial weather is — volatility, the rupee, liquidity, spreads, and equity in one dial.
Capital Access Index
Whether capital reaches the broad economy — MSME credit, tier-2/3 funding, and first-time borrowers, not just the metros.
Confidence-rated reports, methodology exposed.
A selection from the research library. Every report carries an explicit confidence rating and discloses its sources and assumptions.
The Sovereign AI Race
$1.4T projected sovereign-AI capex through 2030
India Data Center Intelligence
1.8GW operational · $28B committed pipeline
The $7 Trillion Paradox
$18B private capital mobilised/yr against a $4T SDG gap
India PLI Analysis
₹1.97L cr outlay across 14 production-linked schemes
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Institutional standards, built in.
The discipline that separates a benchmark from an opinion — and the reason an independent research arm strengthens the whole institution.
Confidence, stated
Every claim carries an explicit High / Medium / Low confidence rating.
Methodology, exposed
Sources, models, and assumptions are disclosed in every report. Auditable, not a black box.
Independence, absolute
No banking relationships, no advisory conflicts. The only product is the research.
Built to standard
Indices constructed to the OECD/JRC Handbook and IOSCO Principles for Financial Benchmarks.
Read the signal in Gravitywell. Act on it in the platform.
The research tells you where capital is moving. Sig Analytica's products are how you act on it.
Independent research, at institutional standard.
Editorially independent — no advisory, banking, or issuer relationships.