Piecing together disparate data for economic and market insights
India’s strong medium-term growth outlook may not suffice for foreign capital to flow, as existing channels that bring global savings to India face turbulence Neelkanth MishraLast Updated at October 3, 2022 22:14 IST This appeared in the Business Standard on October 4, 2022 (link). “Why will global savings not flow to India if India has … Read more
A slowdown in global demand is underway; Pricing risks could be next, but monetary conditions can remain tight Neelkanth Mishra | Last Updated at September 07 2022 23:49 IST This appeared in the Business Standard on September 8, 2022 (link) This is supposed to be the busiest season for containerships ferrying goods from Asia to … Read more
Neelkanth Mishra | Aug 30, 2022 Key policymakers NK Singh and PK Mishra have written an insightful book on the dos and don’ts This appeared in the Times of India on August 31, 2022 (link). How does the will of the people translate into action? In a fast changing world, how should the few acting … Read more
Beyond a near-term reversal, foreign selling and domestic buying of Indian equities may resumeNeelkanth Mishra | Last Updated at August 1, 2022 22:45 IST This was published in the Business Standard on August 2, 2022 (link). Foreign portfolio investors (FPI) have turned net buyers of Indian equities in the last two weeks after 10 consecutive … Read more
RBI may target 3-4% depreciation per quarter till trade deficit, at a record high, remains a problem Neelkanth Mishra | Jul 4, 2022. This appeared in the Times of India on July 5, 2022 (link). With oil prices up, a record trade deficit of US$70.25bn in the April-June quarter, rupee sliding and GoI taking some … Read more
Growth downturns can expose vulnerabilities that increase market risks Neelkanth Mishra | July 4, 2022 22:44 IST This appeared in the Business Standard on July 5, 2022 (link). There are two drivers of market downturns: Cuts to forward earnings estimates and a decline in the price-to-earnings (P/E) multiple that investors ascribe to them. A 15 … Read more
Even as some inflationary impulses fade, others of more recent vintage pose new and bigger risks; one must disentangle multiple strands to reduce risk of policy errors Neelkanth Mishra | Last Updated at June 6, 2022 22:27 IST This appeared in the Business Standard on June 7, 2022 (link). An idealised wave has a predictable … Read more
Letting the rupee weaken may be the least bad option; raising interest rates to slow imports is too blunt an instrumentNeelkanth Mishra | Last Updated at May 2, 2022 22:35 IST This appeared in the Business Standard on May 3, 2022 (link). There is turmoil in the global economy. First Covid and then a war … Read more
Not delivering on quality or not honouring commitments sustainably can have counter-productive long-term effects Written by Devesh Roy , Neelkanth Mishra | Updated: April 21, 2022 6:48:51 am This column, co-authored with Devesh @ IFPRI first appeared in the print edition on April 21, 2022 under the title ‘India’s wheat opportunity’ (link). The effects of … Read more
Neelkanth Mishra | April 19, 2022, 8:31PM IST This appeared in the Times of India on April 20, 2022 (link) Sanctions following the Russia-Ukraine conflict have triggered much discussion on how other countries would manage their foreign currency (FX) reserves going forward. These reserves are a country’s insurance against economic shocks, like households or companies … Read more