High-risk policy

Written by Neelkanth Mishra | Updated: Jul 31 2013, 11:06am hrs (This was published in the Financial Express: link) There is a perceptible fear among investors and corporates that the Reserve Bank of Indias recent tightening of liquidity to protect the currency is a precursor to a prolonged period of high interest rates. To assess … Read more

Reforming, despite politics

For actions to be proactive, not post-crisis, political discourse must involve more economics Written by Neelkanth Mishra | July 15, 2013 1:19:57 am This was published in the Indian Express on 15 July 2013 (link). With stalled growth, a precipitously dropping currency and the government’s and the central bank’s hands tied, pundits talk of “economic … Read more

Rethinking the Rural

India is urbanising away from the big cities. This trend calls for policy changes (This was published in the Indian Express: link) Written by Neelkanth Mishra | May 23, 2013 12:29:39 am Say “rural India”, and the image that flashes in our minds is that of a buffalo tied outside a mud hut. After all, … Read more

Hope Lies Low

The third pillar of the economy, low-income consumption, is holding up remarkably well Written by Neelkanth Mishra | April 12, 2013 (This article was published in the Indian Express: link) The level of pessimism about the Indian economy continues to rise as the downturn enters its most vicious phase – that of contagion. Slowing investments … Read more

Making sense of forex flows

Written by Neelkanth Mishra | Updated: Oct 30 2012, 06:47am hrs (This was published in the Financial Express: link) What one does not understand, one distrusts. FII equity flows into India continued for the last two years even through a sharp deterioration in economic fundamentals. The trickle turned into a flood recently as the government … Read more