Piecing together disparate data for economic and market insights
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
2021 not only saw record funding creating a third of the country’s unicorns, but also the first major listings, providing new valuation anchors Neelkanth MishraLast Updated at April 5, 2022 00:15 IST This was published in the Business Standard on April 6, 2022 (link). Over the past year, India added a record 38 new unicorns … Read more
If energy prices remain this high for a year, they could shave 3 per cent off India’s GDP, weaken the currency Neelkanth Mishra | Last Updated at March 7, 2022 21:50 IST This appeared in the Business Standard on March 8, 2022 (link). We ended the Tessellatum last November, The Energy Headwind, with a hope … Read more
Indian government bonds are now cheaper than Indian equities. The post-Budget rise in bond yields in India is more due to plumbing challenges than insufficient savings Neelkanth Mishra | Last Updated at February 7, 2022 23:20 This appeared in the Business Standard on February 8, 2022 (link). As economies emerge out of the shadows of … Read more
Governments face a new fiscal situation: They have more funds than they can allocate Written by Neelkanth Mishra | Updated: February 2, 2022 4:58:16 am This appeared in the Indian Express on 2 February 2022 (link). If the tax-to-GDP ratio continues to climb, as it appears likely to, fiscal space may continue to expand, even … Read more
Jan 30, 2022, 20:00 IST | Neelkanth Mishra This appeared in the Times of India on 31 January, 2022 (link). There’s something to cheer before the budget – India’s goods exports are a record high $393 billion, after having stagnated in the $250-330bn annual range for a decade. A robust revival in global goods trade … Read more
Tax receipts are surging and markets are primed for higher state government deficits, but states are struggling to spend Neelkanth Mishra | Last Updated at January 11, 2022 00:13 IST This appeared in the Business Standard on January 11, 2022 (link). One can easily spend a few thousand rupees, maybe even a few lakhs, but … Read more
Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now Neelkanth Mishra | Last Updated at December 13, 2021 23:10 IST This appeared in the Business Standard on 14 December 2021 (link). India needs to build one crore new houses every year. The country’s population will … Read more
Over the next 3-5 years, there’s enough banking capacity to support healthy economic growth Neelkanth Mishra | Dec 9, 2021, 19:32 IST This appeared in the Times of India print version on December 10, 2021 (link) Despite RBI’s official stance staying ‘accommodative’, normalization of monetary policy in India started in September, with the central bank … Read more